Turk­ish man­u­fac­tur­ing ac­tiv­ity re­cov­ers in Septem­ber

Dünya Executive - - OVERVIEW -

Man­u­fac­tur­ing con­di­tions in Turkey showed re­cov­ery in Septem­ber thanks to growth in new or­ders, ac­cord­ing to a closely watched busi­ness sur­vey re­leased Oc­to­ber 1. Turkey’s Pur­chas­ing Man­agers’ In­dex (PMI) for the man­u­fac­tur­ing sec­tor reached 50 - the thresh­old level - last month, Lon­don-based global data firm IHS Markit’s monthly re­port, pre­pared in col­lab­o­ra­tion with the Is­tan­bul Cham­ber of In­dus­try, said. The more sta­ble out­look of the sec­tor ended “a 17-month se­quence of soft­en­ing busi­ness con­di­tions,” it added. New or­ders re­cov­ered in Septem­ber, the first ex­pan­sion in new busi­ness for a yearand-a-half. “The key pos­i­tive from the lat­est Turkey PMI sur­vey was a re­turn to growth of new or­ders, in turn helping sup­port job cre­ation and a sta­bi­liza­tion of out­put,” said An­drew Harker, IHS Markit’s as­so­ciate direc­tor.

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