Manufacturing sector production growth is at an all-time low

Manufacturing sector production growth is at an all-time low, The country's manufacturing sector output growth slowed to an 18-month low in December.

manufacturing sector

What is the growth rate of the manufacturing sector

Despite the decrease in inflation, the main reason for this is that the orders and production of industrial roads increased at a slow pace, the 'S&P, Global' company said.

The company has conducted a study and published a report on the December production situation of 400 companies belonging to eight categories including metal, chemical, paper, food and textile.

The report states that,

The country's manufacturing sector output growth-based PMI index fell to an 18-month low of 54.90 points in December, down from 56 points in November last year.

However, if the index is above 50 points, it indicates growth. Below 50 points indicates a decline. That way, development is on the way.

Although the PMI index fell slightly, the manufacturing sector continued to expand strongly in December.

Also, companies remain very optimistic about the production outlook for the current year. This is reported.

Growth rate of manufacturing sector,

 December 2022......57,80

 January 2023....55,40

 February ....55.30

 March.....56,40

 April....57,20

 May.....58,70

 Gene....57,80

 Jeelai....57,70

 August....58,60

 September....57,50

 October....55,50

 November.....56,00

 December.....54,90

 The BMI index stood at 56 points in November.

 Declined to 54.90 points in December.