The China Federation of Logistics and Purchasing announced today (6th) the Global Manufacturing Purchasing Managers Index for October. The data was the same as last month, running in the range of 49% to 50% for eight consecutive months, reflecting the continued slow recovery of the global economy. The global manufacturing purchasing managers index in October was 49.7%, the same as last month, running in the range of 49% to 50% for eight consecutive months. From January to October, the average global manufacturing purchasing managers index was 49.6%, an increase of 0.3 percentage points from the same period last year, but still lower than the same period in 2019. In terms of regions: Asia and Africa's manufacturing purchasing managers' index dropped slightly from last month, both above 50%; Europe's manufacturing purchasing managers' index rose slightly from last month, below 50%; America's manufacturing purchasing managers' index dropped slightly from last month, below 49%. Comprehensive index changes show that the global manufacturing industry continues to stabilize within a certain range, and the recovery trend is relatively stable. The recovery intensity this year is slightly better than the same period last year, but it is still lower than the pre-epidemic level. The global economy continues to recover slowly.
The South Korean government released the "Steel Industry Improvement Plan"
China and several Pacific island countries signed the "Framework Agreement to Enhance Economic Partnership"
