Surveys

The Turkish manufacturing sector has continued to show signs of recovery in April following February's earthquake, with output, new orders and exports all increasing for the second month running, showed a survey conducted jointly by the Istanbul Chamber of Industry (ISO) and S&P Global.

The real sector confidence index rose from 105.2 in March to 108 in April, which marked the index's highest level since May 2022, data from the Central Bank have shown.

Any index figure above the 100 mark indicates optimism among companies.

Greek manufacturers signaled a solid upturn in operating conditions during March, according to the latest PMI data from S&P Global with the seasonally adjusted S&P Global Greece Manufacturing Purchasing Managers' Index at 52.8 points in March, up from 51.7 in February.

Business expectations for industry are on the upswing as the negative impact on demand from inflationary pressures appears to have been largely contained.

The business climate in industry and commerce in Bulgaria improved in January, while it worsened in construction and services. Thus, the general indicator remains unchanged compared to December 2022, announced the National Statistical Institute.

Greece's manufacturing sector, which accounts for 8% of the economy, posted in December the fastest decline of the last two years in production and new orders.

S&P Global's seasonally adjusted purchasing managers' index for the manufacturing sector in Greece (PMI) closed at 47.2 points in December, from 48.4 in November.

The headline Purchasing Managers' Index (PMI) rose from 45.7 in November to 48.1 in December 2022, according to a survey conducted jointly by the Istanbul Chamber of Industry (ISO) and S&P Global.

The business growth in the Eurozone stayed on the positive side but has slowed in September as rising prices of raw materials were coupled by disturbances in supply to manufacturers. The pressure from inflation prompted demand, issues which are likely to continue, Reuters reported.

Turkey's Purchase Managers Index (PMI) for September slipped to 52.5, according to data revealed by the Istanbul Chamber of Industry (İSO) and IHS Markit on Oct. 1.

Turkish factory activity grew in September for a fourth straight month as output and new orders continued to pick up and companies hired more staff, a survey showed.

Turkey's construction materials production sector is benefitting from the country's decision to ease most COVID-19-related restrictions, a regular survey by a trading group has shown.

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