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

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Istanbul Chamber of Industry (ICI) released its May 2024 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The Global Manufacturing Purchasing Managers Index® (PMI) rose 0.6 points monthly to 50.9 in May, remaining slightly above the 50.0 threshold for the fourth consecutive month. Although the index reached the peak of the last 22 months, it signaled that growth was moderate. 

The number of growth among the 32 national economies for which Manufacturing PMI was announced increased from 14 in April to 21 in May. It has been observed that growth has become more widespread, especially in the Asia-Pacific region.

Manufacturing PMI Developments in the World (May 2024) Attach