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Markit’s Turkey manufacturing PMI shows contraction in August

by ChemOrbis Editorial Team -
  • 01/09/2015 (15:34)
According to data released by Markit Economics, a gauge of manufacturing activities in Turkey declined to a reading of 49.3 in August after posting a reading of 50.1 in the previous month. Any reading above 50 indicates expansion while any reading below 50 represents contraction.

The decrease was attributed to slowing domestic demand stemming from political uncertainty. Markit also reported that manufacturers have faced the strongest inflationary pressure on input prices for around a year and half.
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