Manufacturing activities continued to expand at a higher rate in August 2019, recording an index value of 56.6 which is an increase of 0.9 index points, compared to July 2019. This expansion in manufacturing PMI was mainly attributable to the increase in Production and New Orders, especially in manufacturing of food & beverages and textiles & wearing apparel sectors to meet the upcoming festive season demand. Further, Employment increased, yet at a slower rate, during the month of August especially with the increase in employment in food & beverages sector while, many respondents in the textile and apparel industry highlighted that the labour availability in the market was low.
Published Date:
Tuesday, September 17, 2019