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

• 09.10.2024
• News

Istanbul Chamber of Industry (ICI) released September 2024 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The Global Manufacturing Purchasing Managers' Index® (PMI) hit an 11-month low of 48.8 in September. The global manufacturing industry’s output dropped in September after a flat course in August. The output of investment (capital) goods and intermediate goods declined, while there was a very limited increase in the output of consumer goods. New orders, including exports, declined 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. Increases in input costs and finished goods prices slowed down.

Among the 32 national economies for which the manufacturing PMI is available, the number of those with deteriorated business conditions rose to 22 in September from 18 in August. On the other hand, 6 out of 10 economies in the growth zone lost momentum compared to the previous month. The details of the report are as follows: