Turkey’s manufacturing PMI remains robust in July
by ChemOrbis Editorial Team - content@chemorbis.com
According to data released by Istanbul Chamber of Industry and HIS Markit, Turkey’s purchasing managers index (PMI) remained robust in July, although the index declined to a reading of 53.6 from 54.7 in June. Any reading above 50 indicates expansion while any reading below 50 represents contraction.
The July data represented the second strongest reading since November 2013 on the back of stronger output, new orders as well as a healthy employment. According to the latest data, new orders rose for the fifth straight month, posting one of the fastest rates in the past six years in July.
Istanbul Chamber of Industry also reported that inflationary pressures eased further in the sector.
The July data represented the second strongest reading since November 2013 on the back of stronger output, new orders as well as a healthy employment. According to the latest data, new orders rose for the fifth straight month, posting one of the fastest rates in the past six years in July.
Istanbul Chamber of Industry also reported that inflationary pressures eased further in the sector.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Initial ABS prices for July see larger increases than PS in Europe
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
