(Washington News) The prospects of the global manufacturing industry are dim, and large economies such as the United States, Europe, China and other large economies are facing the problem of weak manufacturing demand.Morgan Chase Global Manufacturing Purchasing Manager Index, which reflects the optimism of manufacturers, has fallen to the lowest level in the past six months.
CNN reported that according to the recent commercial survey report released by S & P International, the new orders received by the US and the euro area factories fell in May.A survey by the US Supply Management Association shows that the US manufacturing industry has shrunk for seven consecutive months, and the shrinkage speed in May is faster than last month.
The slowdown of the US manufacturing industry may have just begun
According to data from the US Department of Commerce, the slowdown of the manufacturing industry may have just begun. If it does not include the large fluctuation category, the US factory orders have been reduced for three consecutive months in April;In the past six months of April, four months have declined.
The European manufacturing industry has also accelerated. According to the Global data of the S & P, the output, new orders and backlog orders of the euro zone manufacturer declined in May.
The situation of the global manufacturing leader is not as good as China.According to Caixin Manufacturing Purchasing Manager Index, the prosperity of China's manufacturing industry has improved in May, but some data show that China ’s exports in May have decreased by 7.5%year -on -year, the largest decline since January, and imports have further shrunk at the same time.These trade data reflect the weak demand for Chinese goods.
The manufacturing industry is weak, the main reasons are mainly three points.During the epidemic, consumers were forced to reduce service consumption, which indirectly led to a wave of purchase.Today, with the cancellation of epidemic prevention restrictions from various countries, consumers reduce purchasing goods and re -turn to service consumption. For example, the European hotel industry will usher in the hot summer tourist season.
The central banks of various countries continue to raise interest rates for manufacturers are bad news
In addition, the central banks of various countries continue to raise interest rates against inflation, which is definitely bad news for manufacturers. In addition to rising borrowing costs, they have also greatly affected commodity sales.This is because consumers often buy durable consumer goods in the way of buying, such as cars and large home appliances, and as borrowing interest rises, such products are not as good as before.If commodity demand continues to decline, global manufacturers may be forced to lay off.
The International Monetary Fund's reopening after the prediction of China's epidemic can promote the strong rebound of China's economy and promote the global economy. However, these expected results have not occurred, and the global manufacturing industry is weak.
