The economy of important export areas of superhard materials continues to slow down

Editor's Note: Recently, China's super-hard materials traditional export region EU August manufacturing index PMI released, the euro zone manufacturing industry has shrunk in the first two years, the risk of economic recession has increased   At the same time, the economies of India and South Africa in emerging economies have continued to slow down. India and South Africa are important exporters of China's diamonds. In 2010, they were ranked third and fourth respectively in China's export diamond countries and regions, EU, India, South Africa. The sustained slowdown in the economy will have an impact on China's exports of superhard materials. The euro zone's manufacturing industry has shrunk in the first two years, and the risk of economic recession has increased.   Due to the latest announcement of the Eurozone Manufacturing Purchasing Managers' Index (PMI) in August, which has aggravated the market's concerns about the European recession, European stock markets, which have continued to rise for several days, have changed suddenly on Thursday. As of 17:30 on the 1st of Beijing time, the three major stock markets of Britain, France and Germany fell by 0.6%, 1.3% and 2.2% respectively. US stock index futures also turned from ups and downs, and S&P 500 futures fell 0.7%. The euro fell 0.7% against the dollar. Affected by major economies such as Germany and France, the euro zone PMI announced on the same day fell to the lowest level in 2009, and fell below the key level of 50, indicating that the euro zone manufacturing industry has shrunk for the first time in the past two years. Economists say the risk of a recession in the euro zone has increased significantly in the second half of the year. In the second half of the year, the risk of recession increased. The data released by consulting firm Markit Economics on the 1st showed that the manufacturing purchasing managers' index of the 17 countries in the euro zone fell to 49 in August, which was further down from 50.4 in July, the lowest level in two years. It fell below the 50-point boundary between the glory and the decline. Analysts had expected the PMI for the euro zone to be reported at 49.7 in August. Below 50 means that the manufacturing industry has regained its contraction and is the first to appear in the past two years. The economist of the research organization IHS Global Perspectives Archer said that in the context of the overall fiscal austerity of the countries, the euro zone economy has clearly entered a period of struggling. On the other hand, he said that the slowdown in global economic growth has also curbed overseas demand for commodities in the euro zone. According to recent data, in the second quarter, the euro zone's economic growth fell to only 0.2%, much lower than the 0.8% in the first quarter, and also set the lowest level since the economy pulled out of recession in 2009. According to Markit's data, in August, the euro zone's new export data fell by more than two years. Export orders fell for the second consecutive month, with Germany falling the fastest. Williamson, chief economist at Markit, said Thursday's PMI data was even worse than the newsletter released at the beginning of the month, suggesting that the manufacturing recovery may come to an end. “The risk of the euro zone falling into recession again in the second half of this year is increasing.” After the above data was released, European stock markets and the euros turned their heads down. As of 17:30 on the 1st of Beijing time, the three major stock markets of Britain, France and Germany fell 0.6%, 1.1% and 2.2% respectively. Earlier, European stock markets rose for four consecutive days. US stock index futures also turned from ups and downs, and S&P 500 futures fell 0.7%. The euro fell sharply against the US dollar, falling 0.7% to around 1.4270. German locomotive "dumb fire" Many times, Germany is regarded as the "fixed sea god" in the euro zone. However, a series of recent data show that under the impact of internal and external troubles, the euro zone boss also has some "powerless", in the second quarter, the German economy is almost stagnant. Also released on Thursday, data showed that the pace of growth in German manufacturing activity fell to the slowest level in nearly two years. In August, the German Markit manufacturing PMI fell for the fourth consecutive month to 50.9, the lowest level since September 2009, and far below the market estimate of 52. In July, Germany's manufacturing PMI was 52. According to revised data released by the German Federal Statistical Office on Thursday, in the second quarter, German GDP growth was only 0.1%, an increase of 2.8%. The authorities said that exports were a drag on the economic growth of the quarter. In the second quarter, German exports increased by 2.3% month-on-month and imports increased by 3.2%. Net import and export in the quarter dragged GDP growth by 0.3 percentage points. Germany is "unable to support", and the economic situation of other euro-zone countries is even less optimistic. Data released on Thursday showed that manufacturing in France, Italy and other countries have shrunk for the first time in at least two years. In August, France's Markit manufacturing PMI fell to 49.1, lower than the initial value of 49.3, and fell below the 50-point gap, indicating that the manufacturing sector, the second-largest economy in the euro zone, is also shrinking. In July, the French PMI reported 50.5. Italy's manufacturing activity slowed even more, with the country's manufacturing purchasing managers' index falling to 47 in August and 50.1 in July. The data released on Thursday also showed that Greece's manufacturing PMI fell below 50 for the 24th consecutive month in August, Spain's manufacturing PMI fell to a low of 45.3 since January 2010, and it was at the 50th consecutive month. The key level is below. Outside the Eurozone, the situation in other European countries is not optimistic. The UK's August manufacturing PMI fell to 49 on Thursday, the second consecutive month of less than 50, and the lowest level in more than two years. Sweden's PMI in August also showed that the country's manufacturing industry has shrunk for the first time in two years. Indian economy grew 7.7% in the second quarter, the lowest in 18 months   On the one hand, the US and European economies are in a downturn, while on the other, emerging economies are “hot”. On August 30, India released data showing that the economy grew by 7.7% in the second quarter of this year. Earlier, economists had an average forecast of 7.6% for India's economic growth in the second quarter. Although India’s economic growth in the second quarter was higher than expected, the data showed that 7.7% of the economic growth rate is the lowest economic growth rate in India in the past 18 months. According to the analysis, this is mainly because the country raised interest rates in response to inflation. The decision was partly due to the suppression of its economic growth. Indian Finance Minister Mukherjee expressed disappointment with the economic growth data for the quarter. But Mukherjee said, "When the annual GDP growth data for this fiscal year is released, the economic growth rate may recover." He also stressed that the quarterly investment increased by 7.9% year-on-year, much better than the same period last year. 0.4%, from 2005 to 2010, India's economic growth created 27.7 million jobs. At present, India's domestic inflation has remained high and has climbed at a near double-digit rate. Not only that, but the uncertainty in the operation of the global economy has also affected the country's economic growth. Analysts pointed out that for India, the sustained and rapid growth of the economy may also increase the pressure of rising prices. In the current context of the US-European economy's weakness, the Bank of India may face difficult choices. Economist Xie Guozhong recently wrote that inflation is sweeping all emerging economies. The average inflation rate in emerging market countries has exceeded 5%, and the heat of all emerging economies has been most concentrated in the real estate industry. In Mumbai, a million-dollar home overlooks the slums. At present, industry analysts generally believe that the Bank of India may choose to raise interest rates again at the meeting on September 16 this year, which will be the 12th rate hike by the Indian central bank in the past 18 months. Not only that, the Indian central bank will also cut the country's economic growth rate to 8% in October this year.   South Africa's economic growth in the second quarter of 1.3%   According to data released by the South African Bureau of Statistics on August 30, South Africa’s gross domestic product (GDP) grew by 1.3% year-on-year in the second quarter of this year, the fastest growth rate in the past two years. The South African Bureau of Statistics said that the slowdown in economic growth was mainly due to the huge decline in output in the manufacturing and mining sectors of the country. The agency also revised South Africa's economic growth rate in the first quarter to 4.5%. The data shows that the output value of the manufacturing sector, which accounts for 15% of GDP, is -7% in the second quarter of this year, while the output value of the mining sector has shrunk by 4.2%, while the output value of the agricultural sector fell by 7.8%. The South African Bureau of Statistics said that the shrinking output value of the manufacturing, mining and agricultural sectors offset the growth of government spending, retail trade and financial services sectors, leading to a slowdown in the country's economic growth in the second quarter. South Africa's SANLAM investment management company economist Arthur Kemp said that South Africa's current economic growth rate is lower than its potential economic growth level, he predicted that the South African central bank may maintain the current 5.5% benchmark interest rate this year, while Does not rule out the possibility that the bank will cut interest rates.

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