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Turkey’s export climate is strong, but Ukraine’s war clouds expectations

by John Pierce
July 3, 2023
in Business
2 min read
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export climate for Turkish manufacturers have remained strong in Walks, official The data showed on Friday paid improved demand As the coronavirus pandemic recedes across the number of of Top export markets.

But Russia invasion of Ukraine casts a shadow over expectations already affected output in Several important markets according to a survey from the Istanbul Chamber of Industry (ISO) based in London global Data company IHS Markit.

The panel He said that the Turkish industrial export climate index came in at 53.9 in March from 55.2 in February.

Although it refers to a more Limited recoveryreading remained above threshold level of 50 that separates growth It was the fourteenth consecutive month of contraction of improvement in export demand.

The panel He said the acceleration of production in Some main Export markets as turmoil caused From the epidemic has relatively subsided in Walks.

Growth rates rose to their highest level in eight months in The United States and the highest level in nine months in UK and production growth accelerated in She referred to France.

K result of Primary Effects of the war in Ukraine, however, there was a loss of Pushing force in output growth of Germany, Italy, Spain and the Netherlands.

The survey indicated that in Russia, where production fell sharply, for three months growth The period is over. Non-oil economic activity growth rate in The United Arab Emirates has maintained its strong level addedwhile the most noticeable slowdown occurred in Hong Kong.

Although the increase in The first quartereffects of dispute in Ukraine, like price Increases and supply chain disruptions, pose a threat that could limit export opportunities in Andrew Harker, economist, said the coming months director In S&P Global Market Intelligence.

“Although export demand Circumstances remained resilient in the end of The first quarterwide-ranging effects of the war in Ukraine, like a loss of business Confidence, price Increases and supply chain disruptions, have the ability to reduce export opportunities for manufacturers in The second quarter of The year, Harker said.

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