Istanbul Chamber of Industry (ICI) Released December 2024 Report on Manufacturing PMI Developments in the World

• 07.01.2025
• News

Istanbul Chamber of Industry (ICI) released December 2024 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The Global Manufacturing Purchasing Managers' Index® (PMI) fell by 0.4 points to 49.6 in December from the threshold 50.0. After moderate increases in October and November, global output dropped in December. The partial increase in consumer goods production partially offset the decline in intermediate goods and capital goods. New orders started to contract again while the decline in exports accelerated. The contraction in global manufacturing employment continued in December, albeit at a slower pace. On the prices side, input cost inflation reached its highest level since August, but the increase in selling prices was measured at the lowest rate in the last 9 months.

Global manufacturing industry performance continued to diverge significantly across countries. The number of economies posting PMI values higher than 50.0 declined to 12 from 13, but growth accelerated in 7 of these countries. Deterioration became more evident in 12 of the 19 economies in the negative zone. The details of the report are as follows: