The Manufacturing PMI in the month of July stood at 57.6 index points, indicating expansion in the manufacturing sector for the twenty-eighth consecutive month. The index grew at a faster rate when compared to the index in the previous month.
Of the 14 subsectors surveyed, 13 reported growth in the review month in the following order: petroleum & coal products; transportation equipment; cement; printing & related support activities; paper products; food, beverage & tobacco products; furniture & related products; fabricated metal products; nonmetallic mineral products; plastics & rubber products; primary metal; chemical & pharmaceutical products; and electrical equipment. The Textile, apparel, leather & footwear subsector recorded decline in the review period.
2.1 Production Level
At 58.9 points, the production level index for the manufacturing sector grew for the twenty-ninth consecutive month in July 2019. The index indicated a slower growth in the current month, when compared to its level in the month of June 2019. Twelve of the 14 manufacturing subsectors recorded increased production level, while 2 recorded decline.
2.2 New Orders
At 57.2 points, the new orders index grew for the twenty-eighth consecutive month, indicating increase in new orders in July 2019. Eleven subsectors reported growth, 1 remained unchanged, while 2 contracted in the review month.
2.3 Supplier Delivery Time
The manufacturing supplier delivery time index stood at 57.5 points in July 2019, indicating faster supplier delivery time. The index has recorded growth for twenty-six consecutive months. Ten of the 14 subsectors recorded improved suppliers’ delivery time, while 1 remained unchanged and 3 recorded decline in the review period.
2.4 Employment Level
The employment level index for July 2019 stood at 57.3 points, indicating growth in employment level for the twenty-seventh consecutive month. Of the 14 subsectors, 10 reported increased employment level, 1 reported unchanged employment level while 3 reported decreased employment in the review month.
2.5 Raw material Inventories
The Manufacturing sector inventories index grew for the twenty-eighth consecutive month in July 2019. At 56.2 points, the index grew at a faster rate when compared to its level in June 2019. Ten of the 14 subsectors recorded growth, 1 remain unchanged, while 3 subsectors reported declined raw material inventories in the review month
3.0 Non-Manufacturing PMI Report
New orders and inventories grew at a faster rate, while business activity and employment level grew at a slower rate in July 2019
The composite PMI for the non-manufacturing sector stood at 58.7 points in July 2019, indicating expansion in the Non-manufacturing PMI for the twenty-seventh consecutive month. The index grew at a faster rate when compared to its level in June 2019. All 17 surveyed subsectors recorded growth in the following order: management of companies; arts, entertainment & recreation; finance & insurance; repair, maintenance/washing of motor vehicles; construction; real estate rental & leasing; agriculture; health care & social assistance; information & communication; accommodation & food services; wholesale/retail trade; water supply, sewage & waste management; transportation & warehousing; electricity, gas, steam & air conditioning supply; professional, scientific, & technical services; educational services; and utilities.
3.1 Business Activity
At 57.6 points, the business activity index grew for the twenty-eighth consecutive month, indicating expansion in non-manufacturing business activity in July 2019. Sixteen subsectors recorded growth in business activity, while 1 remained unchanged in the review month
3.2 New Orders
At 60.1 points, new orders index grew for the twenty-eighth consecutive month in July 2019. All 17 surveyed subsectors recorded growth in new orders during the review period.
3.3 Employment Level
The employment level Index for the non-manufacturing sector stood at 58.0 points, indicating growth in employment for the twenty-seventh consecutive month. Fourteen subsectors recorded growth in employment level, 1 remained unchanged, while 2 subsectors declined in the review period.
3.4 Non-manufacturing Inventory
At 58.9 points, non-manufacturing inventory index grew for the twenty-seventh consecutive month, indicating growth in inventories in the review period. Of the seventeen surveyed subsectors, 15 recorded higher inventories, while 2 recorded declining inventories in July 2019