Istanbul Chamber of Industry (ICI) Published July 2022 Report on Manufacturing PMI Developments in the World
ICI published July 2022 report on Manufacturing PMI developments in the World. Global Manufacturing Purchasing Managers' Index® (PMI) fell from 52.2 in June to a two-year low of 51.1 in July. Making a weak start to the third quarter, the global manufacturing sector showed stagnating production and employment and drop in new orders, particularly in export.
In manufacturing PMI, operating conditions of the sector was improved in 18 out of 31 monitored national economies. However, growth decelerated in 13 of these economies compared to June. Istanbul Chamber of Industry Türkiye Manufacturing PMI fell from 48.1 in June to 46.9 in July, the lowest since May 2020. Outputs and new orders slowed down with the weakened orders, while the inflationary pressures were mildly eased.
The details of the report are as follows: