Istanbul Chamber of Industry (ISO) Published September 2024 Report on Global Manufacturing PMI Developments
Istanbul Chamber of Industry (ISO) published the September 2024 report on Global Manufacturing Purchasing Managers’ Index (PMI) developments around the world. Global PMI, which was 49.6 in August, reached 48.8 in September, the lowest value of the last 11 months. Global manufacturing industry production declined in September after a flat course in August. While the production of investment (capital) goods and intermediate goods declined, there was a very limited increase in the production of consumer goods and new orders, including exports, decreased across the sector. Global manufacturing employment fell for the second consecutive month in September. The sector’s expectations for the future also signaled the weakest optimism in the last 22 months, while input costs and final product price increases slowed down.
Among the 32 national economies for which the manufacturing PMI was released, the number of those whose operating conditions deteriorated rose from 18 in August to 22 in September. On the other hand, 6 out of 10 economies in the growth zone lost momentum compared to the previous month.
Source: Istanbul Chamber of Industry (ISO)
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
