In December, the global manufacturing PMI was 48.6%, continuing to be in the contraction range

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The China Federation of Logistics and Purchasing announced that the global manufacturing PMI in December 2022 was 48.6%, a decrease of 0.1 percentage points from the previous month, a month-on-month decline for seven consecutive months, and below 50% for three consecutive months. In terms of sub-regions, the manufacturing PMIs in Asia and the Americas continued to drop below 50%; the European manufacturing PMIs continued to rise slightly, but were still below 50%, and the African manufacturing PMIs rose to above 51%. Changes in the comprehensive index. In December 2022, the global manufacturing industry will continue to decline. The global manufacturing PMI index has been below 50% for three consecutive months, which means that the global economy is weak in the short term. (Securities Times)
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