CFLP: Global manufacturing PMI recovers to 49.9 in Aug

The global manufacturing Purchasing Managers' Index (PMI) recovered in August to reach 49.9, up 0.6 point on month after the decrease during July, according to the latest data compiled by the China Federation of Logistics & Purchasing (CFLP).

The slight on-month rise suggested an improvement in the health of global manufacturing, though the result marked the sixth consecutive month for the index to struggle below the threshold of 50, indicating that the recovery remained fragile, CFLP warned. The global economy is recovering slowly amid the persistent disruptions from