Manufacturing PMI in the month of September stood at 56.2 index points

he Manufacturing PMI in the month of September stood at 56.2 index points, indicating expansion in the manufacturing sector for the eighteenth consecutive month.

The index however grew at a slower rate when compared to the index in the previous month. Of the 14 subsectors surveyed, 10 reported growth in the review month in the following order: Electrical equipment; Printing & related support activities; Transportation equipment; Nonmetallic mineral products; Chemical & pharmaceutical products; Fabricated metal products; Furniture & related products; Textile, apparel, leather & footwear; Food, beverage & tobacco products; and Plastics & rubber products.

 

The Petroleum & coal products; Cement; Paper products; and Primary metal subsectors declined in the review month.

At 58.4 points, the production level index for the manufacturing sector grew for the nineteenth consecutive month in September 2018. The index indicated a slower growth in the current month, when compared to its level in the preceding month. Ten of the 14 manufacturing subsectors recorded increase in production level, 1 remained unchanged while 3 declined (Fig. 4 and Table 2).

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