美、加制造业PMI分化！美国短暂回暖加拿大陷入萎缩

智通财经2025-03-03

智通财经APP获悉，美国2月标普全球制造业PMI终值录得52.7，高于初值51.6和1月终值51.2，显示制造业健康状况有所改善。然而，尽管制造业生产增长达到了自2022年5月以来的最高水平，新订单增长也创下一年来最佳表现，报告指出，这种回升可能只是暂时现象。标普全球市场情报首席商业经济学家Chris Williamson表示，制造业的增长很大程度上受到企业和客户在关税上涨前囤积库存的推动，而非...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250303234651989a22fe&s=b><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，美国2月标普全球制造业PMI终值录得52.7，高于初值51.6和1月终值51.2，显示制造业健康状况有所改善。然而，尽管制造业生产增长达到了自2022年5月以来的最高水平，新订单增长也创下一年来最佳表现，报告指出，这种回升可能只是暂时现象。标普全球市场情报首席商业经济学家Chris Williamson表示，制造业的增长很大程度上受到企业和客户在关税上涨前囤积库存的推动，而非...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250303234651989a22fe&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014906.USD","symbol_name":"大华全球优质成长基金Acc 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U.S. briefly recovers, Canada falls into contraction","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPGI":0.9},"content_text":"智通财经APP获悉，美国2月标普全球制造业PMI终值录得52.7，高于初值51.6和1月终值51.2，显示制造业健康状况有所改善。然而，尽管制造业生产增长达到了自2022年5月以来的最高水平，新订单增长也创下一年来最佳表现，报告指出，这种回升可能只是暂时现象。标普全球市场情报首席商业经济学家Chris Williamson表示，制造业的增长很大程度上受到企业和客户在关税上涨前囤积库存的推动，而非需求的真正回暖。此外，出口大幅下滑，供应商交货延误情况自2022年10月以来最为严重，主要受到关税不确定性带来的贸易干扰影响。尽管1月市场对未来一年的前景持有近三年来最乐观的态度，2月的商业信心明显下降。越来越多的企业对特朗普新政府实施的关税政策及其他措施表达了担忧，尤其是关税的通胀效应显著上升，导致工厂投入成本在2月份大幅上涨。企业普遍将这些更高的成本转嫁给客户，使工厂产品价格通胀达到两年来的最高水平。制造商担心，这不仅会抑制未来几个月的销售，还可能促使美联储采取更鹰派的通胀应对措施。相较之下，加拿大的制造业状况则更加严峻。2月标普全球制造业PMI从1月的51.6大幅下降至47.8，跌破荣枯线，显示制造业陷入萎缩。调查显示，受美加边境关税适用范围及税率不确定性影响，企业生产大幅下滑，新订单出现更大幅度的下降，市场需求受到严重冲击。标普全球市场情报经济学总监Paul Smith表示，由于对未来的不确定性增加，加拿大制造商的信心降至2020年4月以来的最低水平，企业普遍采取更为谨慎的采购和雇佣策略，并在2月削减了采购量和雇员数量。此外，加拿大制造业面临的另一大挑战是投入成本通胀的加速上升。2月份，加拿大工厂投入成本的上涨速度达到了自2023年4月以来的最高水平，部分原因是美元走强推高了进口成本，同时一些供应商在未来关税可能调整之前提高了价格。这些因素共同加剧了加拿大制造业的压力，使其前景更加黯淡。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2516658372","isCrawlerRequest":true}

美、加制造业PMI分化！美国短暂回暖 加拿大陷入萎缩

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美、加制造业PMI分化！美国短暂回暖加拿大陷入萎缩