Markit’s Turkey manufacturing PMI rises in Jan
The increase was attributed to the increase in new export orders although they are still below the threshold of 50. The volume of new exports for the month was up for the fourth month in a row out of six.
Meanwhile, employment in the goods-producing sector remained unchanged in January from December, which indicated persistent job creation at manufacturers for the fifth month in a row. The data showed the Turkish goods producers’ purchasing activity continued to slow in January, although it was at a slower pace than in December.
Also, depreciation of the lira continued to put pressure on manufacturing input prices and moved them up.
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