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The Purchasing Managers' Index (PMI) of the global manufacturing sector in April was 49.1%, remaining in the contraction range for two consecutive months - Sinosteel Pipe The global manufacturing sector remains weak, reflecting the pressure on the global economy. The latest "World Economic Outlook" report released by the International Monetary Fund (IMF) has lowered its forecast for global economic growth in 2025 to 2.8%, a decrease of 0.5 percentage points from the January forecast this year. Regionally, in April, the PMI of the Asian manufacturing sector was 50%, down 1.3 percentage points from March; the African manufacturing sector has returned to the contraction range.
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