The global manufacturing PMI in November 2025 was 49.6%
According to the China Federation of Logistics and Purchasing, the global manufacturing PMI in November 2025 was 49.6%, a slight decrease of 0.1 percentage points from the previous month, and has been running in the range of 49%-50% for 9 consecutive months.
In terms of regions, the Asian manufacturing PMI was the same as last month and was still in the expansion range of more than 50%; the European manufacturing PMI was the same as last month and was still below 50%; the African manufacturing PMI dropped from the previous month, and dropped from more than 50% last month to below 50%; the American manufacturing PMI dropped from the previous month and continued to run below 49%.
Comprehensive index changes show that the recovery intensity of the global manufacturing industry has weakened slightly compared with last month, and the index remains above 49%, indicating that the global manufacturing industry has not departed from the recovery range this year, but the recovery intensity still needs to be strengthened. In terms of regions, Asia's manufacturing industry maintains expansion, which is better supporting the recovery of the global economy; the recovery trend of Europe's manufacturing industry has not changed much from the previous month; the recovery of manufacturing in the Americas continues to weaken; the recovery of manufacturing in Africa has turned from strong to weak.
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