Istanbul Chamber of Industry (ICI) Released July 2023 Report on Manufacturing PMI Developments in the World
Istanbul Chamber of Industry (ICI) released July 2023 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The Global Purchasing Managers’ Index® (PMI) remained unchanged at 48.7 points in July. It is also lowest in last 7 months and below the no-change mark 50.0 for the eleventh month in a row. The global manufacturing production decreased for the second month in a row in July, with the rate of contraction gathering pace. The sector contracted amid the slowdown in global trade flows in new orders.
Of the 31 nations for which Global PMI data are available, 22 reported deteriorating activity conditions. It was 20 last month.
The details of the report are as follows: