Global Manufacturing PMI Hits 14-Month Low at 47.6, Signaling Ongoing Economic Slowdown

Global manufacturing PMI dropped to 47.6 in October, the lowest since Covid and below the 50 threshold for 14 months, indicating a clear global slowdown, with the decline driven by activity components while price pressures remained steady. 1/5. October global manufacturing PMI was down by 1pt to 47.6, the lowest level since Covid and below …

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