PMI Global is at three-year maximum

02.03.2021

For the first time in three years, the PMI Global for the industrial sector in the G-20 countries reached 53.9%, signaling the end of the coronavirus crisis and the transition of the world economy from recession to a growth phase. If you look at the structure of the PMI index, you can see substantial growth in the manufacturing industry, which is caused by an increase in factory orders.

The growth of export orders is also gaining momentum. The rise in production capacity has led to an increase in vacancies in this sector, which will make it possible to compensate for losses in the labor market. During such periods, the US dollar is under serious pressure, inasmuch as the dollar is the funding currency

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