Istanbul Chamber of Industry (ICI) Published October 2022 Report on Manufacturing PMI Developments in the World
The headline Istanbul Chamber of Industry (ICI) Global Manufacturing Purchasing Managers’ Index (PMI) dropped from 49.8 in September to 49.4 in October; its lowest level for 28 months. This decline was the steepest recorded for approximately 11 years, except the first months of the pandemic, especially amid the drop in demand for intermediate goods. It signalled a third successive monthly drop in production. Orders continued to drop, while the job creation increase slowed down. Of the 31 economies for which Global PMI data are available, some 17 reported deteriorating activity conditions and 14 economies further deteriorated compared to September.
The details of the report are as follows: