Global Manufacturing PMI Continues To Rise, Indicating A Steady Economic Recovery

Recently, China Federation of Logistics and Purchasing released February global manufacturing purchasing managers index. The index has risen for two consecutive months and is close to the 50 per cent threshold, suggesting the global economy is showing tentative signs of stabilising. The global manufacturing purchasing managers' index stood at 49.9 per cent in February, up 0.7 percentage points from the previous month, rising for the second month in a row and approaching the 50 per cent threshold.