Global manufacturing PMI ended the trend of four consecutive months of month-on-month decline in July

On August 6, China Internet of Things (IoT) released data showing that the global manufacturing PMI in July was 47.9%, ending the four consecutive months of month-on-month decline trend, indicating that the global manufacturing industry is slowly recovering, but the manufacturing industry in Europe and America is still in a weak state, which may put significant downward pressure on the global manufacturing industry. From a regional perspective, the PMI of manufacturing in Asia was 50.5% in July, 44.8% in Europe, and 47% in the America.