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

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Istanbul Chamber of Industry (ICI) released the April 2024 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The Global Manufacturing PMI, which rose to the peak of the last 20 months with 50.6 in March, decreased to 50.3 in April, slightly above the 50.0 threshold value for the third consecutive month. Output recorded a slight increase globally in April. Despite the growth in the output of consumer goods and intermediate goods, there was a decrease in the output of investment goods. New orders increased for the third month in a row, but the increase slowed from March. New export orders increased for the first time in more than two years, supporting demand conditions. 

As it was the case in March, Manufacturing PMI index was posted above the 50.0 no-change mark in April in 14 out of the 32 nations for which data were available. While the number of economies experiencing growth decreased in Europe and the Americas compared to the previous month, it increased in Asia-Pacific. The details of the report are as follows:

Manufacturing PMI Developments in the World (Aprıl 2024) Attach