Tuesday, December 14, 2010
Manufacturing is expected to promote global economic recovery.
<P> Present, the global economic downturn caused by the "curse" - the Western real estate market and financial markets are still very uncertain prospects for recovery, resulting in volatility in global financial markets, economic recovery face many uncertainties. .The rapidly emerging global manufacturing recovery in the recent economic recovery is expected to become the driving force, is conducive to the global economy to avoid a "double dip" recession. .</ P> <P> With decades of world economy and the changing economic structure over the years the manufacturing sector's position in the world economy was "deteriorating" trend, manufacturing output in the world, the proportion of total output .has less than 1 / 5, and especially with the rapid expansion of services as well as a huge bubble in the financial industry seems clear than in the "vulnerable" status, which many countries were "looked down" in an effort to transfer to other countries faster. .But the modern service industry, including the financial sector can only be built on the basis of modern manufacturing. .The moment, is the starting of the manufacturing industry has been relatively stable pace of recovery, only to a certain extent, many economic analysts to reduce the concerns about the outlook for economic recovery. .</ P> <P> Needless to say, the global manufacturing industry in the severe economic downturn has also been no small blow, about the end of 2008 and early 2009 for some time at the bottom. .However, many recent data have shown that the manufacturing sector, has already bottomed in the global economy out of recession, and embarked on the road to recovery more stable, and thus on the economic recovery is expected to play a positive role in promoting. .</ P> <P> the case of some major economies can cause for cautious optimism. .This year in January, the U.S. manufacturing purchasing managers index has grown from 32.5 in December 2008 rose to 58.4 quickly. .The euro area index to 33.6 from last year rose to 52.4 in February. .The index from the UK in November 2008 rose to 56.7 from 35.4. .The relevant index in China rose to 55.8. .India, the index rose to 17 months already the highest level. .Japan in January, although the purchasing managers index fell last December, but still amounted to 52.5, higher than 50 manufacturing expansion and contraction of the measure of the boundary points. .</ P> <P> the recovery of the global manufacturing industry benefit from the economies of their own in addition to the economic situation improved in varying degrees, and the resulting rise in domestic demand, but also benefited from the recovery in world trade and global demand. .To the U.S. market, for example, in January 2008 to November, the United States reached 1.975 trillion U.S. dollars of imports of goods. .And by the severe economic recession, the same period in 2009 while imports fell to $ 1,413,000,000,000 sharply. .But it must be noted that a difficult period during the first half of 2009, U.S. goods imports 120 billion U.S. dollars each month, most of the level of wandering up and down, lower than the same period in 2008, about 1 / 3. .By Christmas 2009, 11 months, imports have rebounded to 1420 billion U.S. dollars, with the same month in 2008 compared to 151.8 billion U.S. dollars, the gap has been significantly reduced. .Euro is the case, in October and November last year, exports were 104 billion to 105 billion euros between annualized when 102 to 123 billion euros a certain degree of recovery. .From recent data, industrial production in Europe and the United States in particular there are new orders better growth. .For example, orders for U.S. exports in January grew by 4 percentage points. .Meanwhile, the amount of inventory of major economies also continued to decline trend. .This shows that the recovery of growth in commodity demand is global. .</ P> <P> relatively strong global manufacturing sector growth although it may not be called "thriving", but certainly a good thing. .It will have experienced the worst recession in decades, the global economy has played a positive role, to some extent alleviated the slow recovery of real estate and financial markets, weak on the adverse effects of economic recovery. .</ P>.
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