A value above 50 reveals the expansion of the manufacturing sector, whereas a value under 50 shows contraction, the news agency noted. The index slipped under the growth threshold in July for the first time in more than a year.
Considering the sub-indices that comprise PMI, new orders index saw a slight rise, performing over the 50 threshold, while the production volume index fell and was under the 50 mark for the first second month in a row, Halpim said.
Halpim data suggest that the employment index rose and showed growth, delivery times were longer than in July, while purchased stocks were down for the second month in a row.
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