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FinancialNews
03-12-19
Turkey: (PMI) for manufacturing sector increase to 49.5
(MENAFN) A business survey said on Monday that, in November, Turkey's purchasing Managers" Index (PMI) for the manufacturing division increased to 49.5.
According to a report of London-based global data company IHS Markit, organized in association with the Istanbul Chamber of Industry, last month's figure rose 0.9 points from previous month.
The figure showed a growth in manufacturing production for the first time since April 2018 in November amid signs of developing market situations, highlighting that new orders moderated at a softer pace as client order stayed fragile.
As said in the report, input cost increase rate slowed to the weakest in 58-month, while manufacturers decrease their selling prices for the third month running.
MENAFN0312201900450000ID1099360852
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