The global manufacturing purchasing managers' index fell continuously in May and the global economy continued to fluctuate and decline.

[global Manufacturing Purchasing managers Index fell continuously in May and the global economy continues to fluctuate downwards] China Federation of Logistics and Purchasing today (6th) released the global manufacturing purchasing managers index for May. The index has fallen month-on-month recently, falling to its lowest level since June 2020 in May, and the global economy continues to fluctuate and decline. Judging from the trend of various regions, the manufacturing industry of the major countries in Asia and Africa is relatively stable and has become the main force to stabilize the operation of the manufacturing industry. The global manufacturing purchasing managers' index in May was 48.3 per cent, down 0.3 percentage points from the previous month, the third consecutive month of decline and eight consecutive months below 50 per cent, the lowest since June 2020.