Turkey’s manufacturing PMI at 44.2 in December

Turkey’s manufacturing PMI at 44.2 in December

ANKARA – Anadolu Agency
Turkey’s manufacturing PMI at 44.2 in December

Turkey's Purchasing Managers' Index (PMI) for the manufacturing sector was 44.2 in December, according to a monthly business survey on Dec. 2.

The figure was down from 44.7 in November, an Istanbul Chamber of Industry PMI Manufacturing Index report conducted in cooperation with IHS Markit revealed.

Output and new orders continued to ease due to challenging business conditions, albeit at softer rates than in November, the report noted.

"New export orders continued to moderate at a much softer pace than total new business," it added.

The decline in cost inflation pave the way for companies to reduce selling prices to boost customer demand, the report said.

The increasing rate of input prices slowed for the third successive month in December from September's peak and was the weakest since September 2016, the report read.

Manufacturing, PMI, Turkish economy, december, 2018