Manufacturing activity hits 77-month high in August
Turkey’s manufactur ng act v ty n August saw ts strongest overall mprovement s nce March 2011, as output, new orders, purchas ng and employment all cont nued to grow, a bus ness survey showed on Sept. 5. The manufactur ng Purchas ng Managers’ Index rose to 55.3 n August from 53.6 n July, stay ng well above the 50-po nt l ne that separates expans on from contract on, the Istanbul Chamber of Industry and IHS Mark t sa d. New manufactur ng orders rose for the s xth stra ght month, and at one of the fastest rates n the past s x years. “The Turk sh manufactur ng sector moved up a gear n August w th the strongest overall mprovement n bus ness cond t ons n nearly s x-and-a-half years. Th s was reflected n faster growth of output, new orders and jobs n the sector,” sa d Trevor Balch n, a sen or econom st at IHS Mark t.