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

• 05.08.2024
• News

Istanbul Chamber of Industry (ICI) released July 2024 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The Global PMI, which showed a moderate improvement in the sector's business conditions with 50.8 in June, signaled a slight deterioration by falling to 49.7 in July, below the threshold value of 50 for the first time in 7 months.

Entering the second half of 2024, the extent of growth in the global manufacturing sector also declined significantly. Among the 32 economies for which manufacturing PMIs are available, the number of those showing a monthly improvement (PMI > 50.0) fell to 18 in June and 13 in July from 21 in May. 8 of these 13 countries grew at a slower pace than in June.

The details of the report are as follows: