January Asian manufacturing PMI rose to more than 50%

February 6, the China federation of logistics and purchasing released data show that in January 2023, the Asian manufacturing purchasing managers' index (PMI) is 50.5%, 1.5 percentage points from the previous month rise, end downward for 3 months in a row, according to the Asian manufacturing are rebounding.

From the major countries, China's manufacturing end dip direction, appear to rise, manufacturing PMI back to more than 50%; India's manufacturing PMI is reduced from the previous month, but still above 55%; Indonesia, Thailand and the Philippines manufacturing PMI on monthly rise to different extent, and all above 50%; Japan, South Korea, Vietnam and Malaysia manufacturing PMI were below 50%.

Index, according to the change in January 2023, the Chinese economy to accelerate the recovery is better, and so did the Asian economic ZhiJiang stabilised, India and southeast Asia mainly also maintained a fast growth, good power Asian economic stabilization. From the first quarter, under the premise of the outbreak impact will not be repeated, manufacturing enterprises in China is expected to turn good, the supporting role of investment and consumption in China's economy will continue to emerge. Upward from the dip rebounded to stabilize China's economy transition has the foundation, will become an important support steady economic recovery in Asia.

In January 2023, the global manufacturing PMI was 49.2%, up 0.6% from the previous month, the end of the seven consecutive month-on-month drop trend.