The hottest manufacturing index fell below 50, and

According to the China Federation of logistics and purchasing, the global manufacturing PMI in February 2020 fell by 2.6 percentage points to 47.4% from the previous month, a significant decline. Asian manufacturing PMI fell significantly. In Europe, according to the China Federation of logistics and purchasing, the global manufacturing PMI in February 2020 fell by 2.6 percentage points to 47.4% from the previous month, with a significant decline. Asian manufacturing PMI fell significantly. European manufacturing PMI continued to rebound at a low level, while manufacturing PMI in the Americas and Africa retreated slightly, both remaining above 50%. Judging from the change of the index in February, the impact of the COVID-19 on areas outside China has not yet fully emerged

the global spread of the COVID-19 in the completion of the update and upgrading of materials has brought uncertainty to the global economic recovery. The systems of various countries are different, and the prevention and control methods and efforts of graphene composites are bound to play a very important role in the future electronic field are also different, so the impact of the epidemic on the economies of various countries is also different. Recently, the United States, Australia and major emerging market countries have cut interest rates and considered further strengthening the support of fiscal policies to prevent the downward risks brought by the COVID-19 to the economy. With the gradual acceleration of the pace of resumption of work and production and the gradual release of the effects of relevant support policies, China's manufacturing industry is expected to rebound in March, supporting global manufacturing growth to a certain extent. In the current economic context, countries around the world should pay more attention to coordinated development and multilateral cooperation, enhance the resilience of global economic development and resist economic downside risks

from the perspective of subregions, it shows the following characteristics:

the short-term impact of Asian manufacturing industry is obvious, and the PMI fell below 50%

in February 2020, the PMI of Asian manufacturing industry fell by 7.5 percentage points to 42.9% compared with the previous month, ending the slight upward trend for three consecutive months, with a significant decline month on month. From the perspective of major countries, China's manufacturing PMI fell significantly; Although the manufacturing PMI of South Korea and Japan fell, the decline was about 1 percentage point; Affected by the decline in crude oil prices, manufacturing PMI in Saudi Arabia, the United Arab Emirates and other Middle Eastern countries also fell to varying degrees

from the data performance of South Korea and Japan, the manufacturing PMI data in February did not reflect the short-term impact of the COVID-19 on the above two countries. It is expected that in March, with the gradual emergence of the impact of the COVID-19, the decline in the manufacturing industries in South Korea and Japan will constitute a short-term impact on the manufacturing industry in Asia. With the gradual weakening of the impact of the COVID-19 on China, the recovery rate of manufacturing enterprises will accelerate. The recovery of China's manufacturing industry in March will become an important support for the growth of Asian manufacturing industry and even the global manufacturing industry. In order to prevent the potential impact of the COVID-19 on the economy, Asian countries have not only adopted interest rate reduction policies, but also eased the pressure on enterprises through subsidies and tax cuts

the European manufacturing industry continued to rebound recoverably, and the data changes have not yet reflected the impact of the epidemic.

in February 2020, the European system held the first batch of aluminum installation license granting ceremony in due time. The manufacturing PMI increased by 1 percentage point to 49.9% from the previous month, rising month on month for two consecutive months. From the trend of major countries, the manufacturing PMI of Germany, Britain, the Netherlands, Spain and other countries have increased significantly. Although there was a correction in Italian manufacturing PMI, the decline was only 0.2 percentage points, maintaining at 48.7%

with the change of the composite index, the European manufacturing industry has rebounded after more than a year of adjustment. The impact of the COVID-19 on Italy and European countries began at the end of February and gradually emerged in early March. Therefore, the European manufacturing PMI data in February did not reflect the impact of the COVID-19 on the European economy. Judging from the current spread, the growth of European manufacturing industry is under pressure in March, or will fall significantly. The impact of the COVID-19 on the economy will make it more difficult for the European economy to recover. The European economy is highly dependent on foreign countries, and the short-term impact of the COVID-19 on the exports of European countries cannot be ignored. Maintaining loose monetary policy and implementing more radical fiscal policy will be the next important policy orientation to be considered by the EU. In addition, the uncertainty of the outcome of trade negotiations between the UK and the EU has also become an important factor affecting the economic development of Europe

the growth rate of African manufacturing industry continued to slow down, and PMI fell continuously.

in February 2020, the PMI of African manufacturing industry fell by 0.8 percentage points to 50.3% from the previous month, and fell month on month for two consecutive months. From the perspective of major countries, the manufacturing PMI of Nigeria, South Africa and other countries all corrected, with a decrease of nearly 1%, and the manufacturing PMI of Egypt rebounded from the previous month, but still below 50%. With the change of the composite index, the growth rate of manufacturing industry in Africa continues to slow down, but it still maintains the growth trend, and the manufacturing industry in Nigeria still maintains high-speed growth. In terms of the number of confirmed cases, the COVID-19 has the least impact on African countries, and the number of confirmed cases is only single digits. However, the global spread of the epidemic will also impact the supply chain of African manufacturing industry to a certain extent and inhibit the growth of relevant demand

the growth rate of manufacturing industry in the Americas slowed down slightly, and the PMI was still above 50%

in February 2020, the PMI of manufacturing industry in the Americas fell by 0.4 percentage points to 50.4% compared with the previous month, and operated above 50% for two consecutive months. From the perspective of major countries, the manufacturing PMI of Brazil, Canada, Mexico and other countries increased to varying degrees compared with the previous month, while the manufacturing PMI of the United States decreased compared with the previous month, but remained at more than 50%

according to the change of the composite index, the growth rate of manufacturing industry in the Americas has slowed down compared with the previous month, and the slowdown of the growth rate of manufacturing industry in the United States is the leading factor. Ism report shows that the PMI of U.S. manufacturing industry was 50.1%, down 0.8 percentage points from the previous month. The change of sub index shows that the growth rate of production and demand has slowed down significantly compared with the previous month. Among them, the new order index fell below 50%. According to enterprise reports, the spread of COVID-19 has affected the supply chain of American enterprises, and the delivery speed of suppliers has slowed down significantly

judging from the current number of confirmed cases published by countries, the impact of the COVID-19 on countries in the Americas is relatively light, but its negative impact on the economy can not be ignored. In response to the impact of the epidemic on the real economy and supply chain, the Federal Reserve has announced a 50 basis point interest rate cut to support U.S. economic growth

in February 2020, European manufacturing PMI increased by 1 percentage point to 49.9% from the previous month, rising month on month for two consecutive months. From the trend of major countries, the manufacturing PMI of Germany, Britain, the Netherlands, Spain and other countries have increased significantly. Although there was a correction in Italian manufacturing PMI, the decline was only 0.2 percentage points, maintaining at 48.7%

with the change of the composite index, the European manufacturing industry has rebounded after more than a year of adjustment. The impact of the COVID-19 on Italy and European countries began at the end of February and gradually emerged in early March. Therefore, the European manufacturing PMI data in February did not reflect the impact of the COVID-19 on the European economy. Judging from the current spread, the growth of European manufacturing industry is under pressure in March, or will fall significantly. The impact of the COVID-19 on the economy will make it more difficult for the European economy to recover. The European economy is highly dependent on foreign countries, and the short-term impact of the COVID-19 on the exports of European countries cannot be ignored. Maintaining loose monetary policy and implementing more radical fiscal policy will be the next important policy orientation to be considered by the EU. In addition, the uncertainty of the outcome of trade negotiations between the UK and the EU has also become an important factor affecting the economic development of Europe