The Manufacturing Purchasing Managers Index (PMI) in the month of June stood at 57.4 index points, indicating expansion in the manufacturing sector for the twenty-seventh consecutive month.
The index grew at a slower rate when compared to the index in the previous month.
Of the 14 sub-sectors surveyed, 12 reported growth in the review month in the following order transportation equipment, petroleum & coal products, cement, chemical & pharmaceutical products, electrical equipment, food, beverage & tobacco products, printing & related support activities among others.
At 59.3 points, the production level index for the manufacturing sector grew for the 28 consecutive month in June 2019.
The index indicated a faster growth in the current month, when compared to its level in the month of May 2019.
Twelve of the 14 manufacturing sub-sectors recorded increased production level, one remained unchanged while one recorded decline.
According to the report, at 55.9 points, the new orders index grew for the twenty-seventh consecutive month, indicating increase in new orders in June 2019.
Eight sub-sectors reported growth, one remained unchanged, while five contracted in the review month.
-The Punch
