CFLP: Global manufacturing PMI rises further in February

The global manufacturing Purchasing Managers' Index (PMI) rose further during February to reach 51.2, staying above the 50-mark for the second month though only rising by 0.2 point from January, according to the latest data compiled by the China Federation of Logistics & Purchasing (CFLP).

The results suggested a positive shift in the global manufacturing recovery. However, the recent sharp increase in geopolitical risks in the Middle East has brought uncertainty to the fledgling global economic upturn, the federation noted. The rapid rise in crude oil prices may amplify global inflationary pressures, constraining both consumption