Purchasing Managers' Indices for both Manufacturing and Services activities expanded in September
Manufacturing activities expanded at a higher rate in September 2020, compared to August 2020. 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.
Services sector continued to expand for the fourth consecutive month with PMI recording 54.3 in September 2020 compared to the previous month. This was underpinned by the expansions observed in New Businesses, Business Activities and Expectations for Activity compared to August 2020 indicating a further recovery of services sector activities.
Published Date:
Thursday, October 15, 2020