Turkey’s manufacturing PMI decreases in December to 44.2

Wednesday, 02 January 2019 12:20:27 (GMT+3)   |   Istanbul
       

The Turkey PMI™ Manufacturing Index, issued by Istanbul Chamber of Industry and Markit, was at 44.2 points in December last year, down from November’s 44.7 points. Any figure greater than 50 indicates an overall improvement of the sector. The PMI decreased after two consecutive months of rising. 

The latest PMI data showed that the challenging market conditions in the Turkish manufacturing sector continued during December, despite having stabilized somewhat in recent months. In December, output and new orders continued to ease, though at softer rates than in November. Efforts to support customer demand were helped by a reduction in selling prices, which firms were able to offer thanks to a further slowdown in cost inflation.


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