Manufactur­ing index rises to 43-month high in June

Dünya Executive - - OVERVIEW -

Manufactur­ing activity expanded at its highest pace in more than 3-1/2 years in June, a business survey showed on Tuesday. The rise was driven by the fastest gain in new orders since February 2011. The manufactur­ing Purchasing Managers’ Index (PMI) rose to 54.7 in June from May’s 53.5, staying above the 50-point line that separates expansion from contractio­n, the Istanbul Chamber of Industry and IHS Markit said in a press release. The rise in the PMI reflected stronger growth of new orders, output and employment, it said.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.