Turkish manufacturing sector continues to improve

ANADOLU AGENCY
ANKARA
Published 02.10.2017 19:27

Turkey's Purchasing Managers Index (PMI) for the manufacturing sector hit 53.5 in September thanks to a solid growth in new orders, a recent survey by IHS Markit confirmed yesterday.

The London-based global data company's PMI report, prepared in collaboration with the Istanbul Chamber of Industry, showed manufacturing and operating conditions in Turkey have continued to improve for seventh consecutive months.

"The latest figure marked the seventh successive month of improving business conditions, the longest period of consecutive growth since 2014," the report read.

Strong demand for goods manufactured in Turkey reflected positively in the data, the report revealed.

"Firms benefited from strong inflows of new work and raised output accordingly. New export business also increased further, though at a slower rate than that for total new orders," it added.

The latest PMI report also revealed that inflationary pressures on the sector have weakened slightly.

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