The PMI was below the 50-point threshold that signals expansion in the manufacturing sector, state news wire MTI reported.

Most Sub-indices Declining

Among the PMI sub-indices, the new orders index rose and was over the 50-point mark.

The production volume index climbed and indicated expansion.

The employment index declined and continued to show a contraction.

The delivery times index also fell.

The gauge of purchased inventories decreased and slipped under the 50-point mark, according to the report.

The PMI last stood above the 50-point threshold indicating expansion in the manufacturing sector in May 2024.