The China Federation of Logistics and Purchasing announced that the global manufacturing PMI for November 2025 was 49.6%, a slight decrease of 0.1 percentage points from the previous month, and operated within the 49% to 50% range for 9 consecutive months. Looking at the subregion, the Asian manufacturing PMI remained the same as last month, still in the 50% expansion range; the European manufacturing PMI was the same as last month, still below 50%; the African manufacturing PMI fell from the previous month and fell below 50% from more than 50% last month; the American manufacturing PMI fell from the previous month and continued to operate below 49%. The composite index changed. The recovery of the global manufacturing industry weakened slightly from last month. The index remained above 49%, indicating that the global manufacturing industry has not left the recovery range since this year, but the recovery still needs to be strengthened. Looking at the subregions, the Asian manufacturing industry continues to expand, which is a good support for global economic recovery; the recovery trend of the European manufacturing industry did not change much from last month; the recovery of the American manufacturing industry continued to weaken; and the recovery of the African manufacturing industry changed from strong to weak.

The China Federation of Logistics and Purchasing announced that the global manufacturing PMI for November 2025 was 49.6%, a slight decrease of 0.1 percentage points from the previous month, and operated within the 49% to 50% range for 9 consecutive months. Looking at the subregion, the Asian manufacturing PMI remained the same as last month, still in the 50% expansion range; the European manufacturing PMI was the same as last month, still below 50%; the African manufacturing PMI fell from the previous month and fell below 50% from more than 50% last month; the American manufacturing PMI fell from the previous month and continued to operate below 49%. The composite index changed. The recovery of the global manufacturing industry weakened slightly from last month. The index remained above 49%, indicating that the global manufacturing industry has not left the recovery range since this year, but the recovery still needs to be strengthened. Looking at the subregions, the Asian manufacturing industry continues to expand, which is a good support for global economic recovery; the recovery trend of the European manufacturing industry did not change much from last month; the recovery of the American manufacturing industry continued to weaken; and the recovery of the African manufacturing industry changed from strong to weak.