Manufacturing index at 44.3 points in October
Turkey’s Purchas ng Managers’ Index (PMI) for the manufactur ng sector stood at 44.3 po nts n October, accord ng to a closely-watched bus ness survey publ shed on November 1. An Istanbul Chamber of Industry PMI Manufactur ng Index report conducted n cooperat on w th IHS Mark t showed a 1.6-po nt month-on-month r se n October po nt ng to a further eas ng pressures on the sector. Wh le the PMI rose for the f rst t me s nce July, the survey showed that output, new orders and employment moderated to lesser extents. The survey revealed that the latest slowdown was less marked last month compared to September wh le output pr ces rose at the weakest pace s nce March. A read ng greater than 50 nd cates the sector s grow ng, wh le a read ng below 50 s gnals a contract on.