The purchasing managers index improved from 27.5 in April to 50.2 in September. The value and volume of production for the manufacturing sector also improved from March to July. Year-on-year, contraction of imports have slowed down from 65.3 percent in April to 24.4 percent in July.
6  BIS central bankers’ speeches  Conclusion The international dimension of financial regulation has grown even more important since the financial crisis. Yet there are, as I have suggested, more subjects to be tackled. At the same time, the pursuit of efficient and effective regulation requires priority-setting by, and rationalization of, the web of international arrangements dealing with these issues.