According to the British "Financial Times" report, the United States, China, Germany and France reported further strong improvement. This further shows that the economic growth in the third quarter will have a V-shaped recovery. However, some European countries including Britain have fallen behind.
In August, the United States’ manufacturing activity expanded for the first time in more than a year and a half. The government’s bold stimulus measures led to a significant increase in new orders. The American Institute for Supply Management (ISM) said that the manufacturing index for August rose from 48.9 to 52.9, better than economists expected. This is the first time that the index has surpassed 50 for the first time in 19 months. This is the dividing line between shrinking manufacturing activity and expansion.
U.S. manufacturers said that due to the success of the government’s cash-for-clunkers program, they are facing greater demand from automakers, and the surge in demand has caused a shortage of crude steel.
Norbert Ore, chairman of the Institute of Supply Management, said: "Growth seems to be sustainable in the short term because inventory has been cut for 40 consecutive months and the supply chain will have to meet current new demand. refill supplies."
Although the ever-increasing number of the unemployed and the highly damaged banking industry still pose a threat to the global economy, the revived vitality of the industrial sector has raised hopes for a sustainable recovery.
Julian Callow, the European economist at Barclays Capital, said: “Globally, there are already very clear signs that the economy is improving significantly.” In the euro area, the revised France and Germany The Purchasing Managers' Index (PMI) represents the fastest improvement. In August, the UK CIPS/Markit Purchasing Managers Index fell to 49.7 from 50.2, indicating a shrinking manufacturing activity in the UK.
David Noble, chief executive of the CPS, said: “People still worry that the pick-up in recent months may be a temporary phenomenon rather than a sustainable recovery.” Noble pointed out The growth rate of new orders in the UK has seen a "worrying" slowdown.
China has seen the most obvious rebound so far this year. The country's manufacturing purchasing managers index rose from 52.8 in July to 55.1 in August, and its manufacturing activities have expanded for the fifth consecutive month.

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