Global manufacturing PMI shows slight weakness in March

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Global manufacturing PMI shows slight weakness in March

2025-04-06 11:00 Last Updated At：19:27

The global manufacturing purchasing managers' index (PMI) declined to 49.6 percent in March, 0.4 percentage points lower than that in February, according to data released by the China Federation of Logistics and Purchasing on Sunday.

The decline reflected the ongoing trend of slow economic growth worldwide, the federation said. The manufacturing PMI for the Americas was 48.9 percent, a decline of 1.3 percentage points from the previous month, falling into contraction territory, a significant factor contributing to the global decline in manufacturing PMI.

The index of Europe remained below 50 percent but showed a slight increase from February.

Africa's manufacturing PMI rose to 50.8 percent, entering the expansion zone, indicating an improvement in manufacturing recovery.

Asia's PMI was 51.3 percent, maintaining stability above 51 percent for two consecutive months. Among major countries, China's manufacturing showed growth for two consecutive months, operating in the expansion zone above 50 percent. The continued positive performance of China's manufacturing serves as a crucial support for stable growth in Asian manufacturing.

Overall, in the first quarter, the average global manufacturing PMI was 49.9 percent, higher than 49.2 percent of the fourth quarter in 2024 and 49.6 percent of the same period last year, indicating a slightly better global economic recovery this year compared with the fourth quarter and the same period last year, although the index levels remain relatively low.

Analysis suggests that the tariffs imposed by the United States has inevitably led to trade frictions, resulting in negative impacts on the U.S. and various countries globally. In the short term, this situation will lead to increased global trade costs and disruptions in the global supply chain, creating a scenario of multiple losses. But it is crucial to recognize that the sustained impact of tariffs on the global economy is not viable and global economic cooperation remains paramount.

Russia strikes Ukrainian targets, Ukraine repels multiple Russian attacks

2025-04-10 13:49 Last Updated At：14:07

Russia said on Wednesday that its forces had continued to strike Ukrainian military targets, while Ukraine reported the same day that it had repelled multiple Russian attacks.

A statement from the Russian Defense Ministry said the Russian troops struck a Ukrainian tactical missile production enterprise, a workshop building producing small bombs for drones and other strategic objectives.

Meanwhile, Russian military operations targeted Ukrainian personnel and military equipment in multiple locations, including Kharkov, Donetsk and Lugansk, while the Russian air defense systems shot down over 300 Ukrainian drones.

Furthermore, the ministry accused the Ukrainian government of four attacks on Russian energy infrastructure over the past 24 hours.

On the same day, the General Staff of Ukrainian Armed Forces reported that its forces had repelled the Russian attacks in the Pokrovsk direction.

Ukrainian President Volodymyr Zelensky said that the Russian forces continued to launch operations in the Kharkov and Sumy regions, but Ukrainian military's actions in Russia's border region of Belgorod can prevent the Russian forces from launching new attacks in the Kharkov and Sumy directions.

He also noted that in the past 24 hours, Russia launched 55 drones towards targets in Ukraine, with multiple residential areas being attacked and civilian infrastructure suffering severe damage.