Turkey’s manufacturing PMI hits 43-month high in June
This rise was mainly driven by a sharp rise in new orders standing at six-year high due to increasing domestic and foreign demand which results in significant increases in output and employment, according to the data. The higher output and employment caused job creation to reach the highest level since February 2015.
The data also revealed that input and output price inflations are at six- and eight-month low in June. The former indicates the lowest level since September 2016.
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