The China Federation of Logistics and Purchasing released the Global Manufacturing Purchasing Managers' Index for December 2025. The index declined slightly from the previous month, and the global economy is basically stable. The global manufacturing purchasing managers' index for December 2025 was 49.5%, a slight decrease of 0.1 percentage points from the previous month, and has been operating in the 49% to 50% range for 10 consecutive months. Looking at the subregions: the Asian manufacturing purchasing managers' index rose from the previous month to more than 51%; the European manufacturing purchasing managers' index fell from the previous month and is still below 50%; the African manufacturing purchasing managers' index rose from the previous month, rising to more than 50%; and the American manufacturing purchasing managers' index fell below 48% from the previous month. The composite index changed. The global manufacturing industry maintained a weak recovery pattern in December, but the intensity of the recovery has not yet formed effective support, and further consolidation and improvement is still needed. The average value of the global manufacturing purchasing managers' index in 2025 was 49.6%, up 0.3 percentage points from 2024. Experts said that judging from the performance for the full year of 2025, the overall recovery of the global manufacturing industry is slightly better than 2024, but the average index level is still below 50%, and the recovery trend is still steady to weak. Facing a complex environment, countries around the world should speed up strategic adjustments in 2026, focus on structural reforms domestically, deepen regional collaboration externally, build an inclusive and linked global economic governance system, and achieve sustainable recovery.

The China Federation of Logistics and Purchasing released the Global Manufacturing Purchasing Managers' Index for December 2025. The index declined slightly from the previous month, and the global economy is basically stable. The global manufacturing purchasing managers' index for December 2025 was 49.5%, a slight decrease of 0.1 percentage points from the previous month, and has been operating in the 49% to 50% range for 10 consecutive months. Looking at the subregions: the Asian manufacturing purchasing managers' index rose from the previous month to more than 51%; the European manufacturing purchasing managers' index fell from the previous month and is still below 50%; the African manufacturing purchasing managers' index rose from the previous month, rising to more than 50%; and the American manufacturing purchasing managers' index fell below 48% from the previous month. The composite index changed. The global manufacturing industry maintained a weak recovery pattern in December, but the intensity of the recovery has not yet formed effective support, and further consolidation and improvement is still needed. The average value of the global manufacturing purchasing managers' index in 2025 was 49.6%, up 0.3 percentage points from 2024. Experts said that judging from the performance for the full year of 2025, the overall recovery of the global manufacturing industry is slightly better than 2024, but the average index level is still below 50%, and the recovery trend is still steady to weak. Facing a complex environment, countries around the world should speed up strategic adjustments in 2026, focus on structural reforms domestically, deepen regional collaboration externally, build an inclusive and linked global economic governance system, and achieve sustainable recovery.