Turkey’s manufacturing PMI at 49 points in October

ANKARA 

Turkey’s Purchasing Managers’ Index (PMI) for the manufacturing sector stood at 49 points in October, according to a monthly business survey released Friday.

The Istanbul Chamber of Industry report, done in cooperation with London-based global data firm IHS Markit, showed that the October figure fell 1 point from a month earlier.

“This signaled a slight moderation in the health of the Turkish manufacturing sector,” the report noted.

New orders also softened last month after an expansion in September due to weak demand in both domestic and export markets.

Companies continued to expand their staffing levels, albeit with some signs of weakness in October.

“Employment was up for the second month running, the first time that back-to-back increases in workforce numbers have been recorded since early-2018,” it added.

Firms lowered their output prices for the second consecutive month to stimulate sales thanks to a relatively muted input cost inflation rate.

Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.

AdvertisementThe new Emirates Premium Economy has arrived on the latest Emirates A380 Emirates Get the best value from your summer holiday with exclusive offers and discounts across Dubai and the UAE with Emirates Pass

What do you think?