Turkey’s manufacturing PMI has showed that growing is still continuing even though there has been a deceleration to 53.5 point in December 2013.
Turkey’s manufacturing PMI has showed that growing is still continuing even though there has been a deceleration to 53.5 point in December
According to Turkey manufacturing Purchasing Managers Index (PMI) that has been prepared for HSBC by Markit, showed highest rate with the 55 point in November. If index rate is more than 50 that means growing, if it is less than 50 that means shrinking economy.
Manufacturer productions have been recorded above the historical average even though deceleration according to previous month. Participants of survey stated that rising on productions due to increasing the demands from domestic and foreign markets.
When new orders has being grown for five months in a row, there has been a deceleration in December according to previous month November. Companies expressed that the good conditions on market and automotive sector contributed the increasing on new orders.
Markit manufacturing industry of Turkey PMI is calculated with manufacturing companies’ answers to monthly surveys which are contain new orders, production, employment, suppliers’ delivery times, and input stocks, since June 2005.