Turkey's Purchasing Managers' Index (PMI) for the manufacturing sector rose to 40.9 in May, a monthly business survey revealed on June 1.
The PMI increased by 7.5 points from 33.4 in April, according to the report by the Istanbul Chamber of Industry, prepared in collaboration with London-based global data firm IHS Markit.
Turkey's Purchasing Managers' Index (PMI) for the manufacturing sector stood at 33.4 in April, according to a monthly business survey on May 4.
The Istanbul Chamber of Industry report, in collaboration with London-based global data firm IHS Markit, showed that the April figure dropped by 14.7 points month-on-month, posting the steepest decline since the global financial crisis.
Turkey's Purchasing Managers' Index (PMI) was at 48.1 this March, down from 52.4 in February, posting below the 50 no-change mark for the first time in three months.
According to the Istanbul Chamber of Industry PMI Manufacturing Index report, prepared in cooperation with global data firm IHS Markit, output and new orders both softened, while firms scaled back purchasing activity.
In Turkey, Purchasing Managers' Index (PMI) for the manufacturing sector posted the strongest reading of the last two years in February.
According to the Istanbul Chamber of Industry PMI Manufacturing Index report, prepared in cooperation with London-based global data firm IHS Markit, the index rose to 52.4 last month thanks to solid rises in both output and new orders.
According to the preliminary data, in November 2019 the index of production in section 'Construction' calculated on the base of seasonally adjusted data3 was 0.8% below the level of the previous month. In November 2019 working day adjusted data4 showed an increase by 1.3% in the construction production, compared to the same month of 2018, the NSI said in a press release.
Employment in manufacturing posted a significant increase last month, as new orders - mostly from abroad - continued growing.
Data from IHS Markit showed yesterday that the Purchasing Managers Index (PMI) in manufacturing ended 2019 at 53.9 points, slightly below the 54.1-point reading at end-November.