SMM

The PMI for the construction sector stood at 49.93 in June 2023, down 0.43 point on a monthly basis but up 0.87 point on a yearly basis. Seasonally adjusted, the composite index stood at 49.43 points, up 1.55 points month on month and up 0.57 point year on year. The index for production was 49.23, down 0.3 point on a monthly basis but up 1.06 points on a yearly basis, and that for new orders fell 1.06 points month-on-month but rose 0.89 point year-on-year to 50.12.