The United States, the eurozone and Japan in March manufacturing boom are strong expansion, the United States rose to the highest in 37 years, the eurozone expansion rate for the fastest in nearly 24 years, South Korea even six months of expansion, Japan’s growth rate of the strongest in two and a half years, however, Europe is facing supply chain disruptions and the risk that many countries may re-implement the blockade, Asia is encountering the challenge of gradually rising costs.
U.S. Institute of Supply Management (ISM) announced on the 1st, March manufacturing index jumped to 64.7, showing that the economy is expanding at the fastest pace since 1983; IHS Markit said the same day, the U.S. manufacturing purchasing managers index (PMI) final value of 59.1 in March
Eurozone March IHS Markit manufacturing PMI final value jumped to 62.5, higher than the initial valuation of 62.4, more than the highest since the survey began in June 1997. Among them, Germany climbed to a record high of 66.6, the Netherlands was 64.7, also a record high, Italy and France also rose to 59.8 and 59.3, respectively, each hitting a 21-year and 20.5-year high.
IHS Markit chief corporate economist Williamson said, the eurozone manufacturing industry is booming, “as factories benefit from the strengthening of domestic demand and export growth heating up, the entire region shows a comprehensive expansion.
In Asia, Japan’s manufacturing PMI rose to 52.7 in March, up from 51.4 in February, the highest since October 2018, and the large manufacturer confidence index rose to 5, the first positive value since 2019; South Korea was flat at 55.3, maintaining the highest since 2010, while exports rose strongly by 16.6% in March, the largest increase in more than two years; Taiwan, Vietnam and Manufacturing activity in Taiwan, Vietnam and Indonesia is also accelerating, showing that the manufacturing industry has been picking up across Asia. Mainland China’s Caixin Manufacturing PMI dropped slightly to 50.6 in March, the 11th consecutive month of expansion, but the lowest since May 2020, indicating a further slowdown in manufacturing expansion, but manufacturers are still confident in the future economic recovery and control of the new crown Epidemic.
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