Turkish manufacturing activity recovers in September
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.