Turkey Purchasing Managers’ Index (PMI) for Manufacturing sector declined below The threshold level for The first time in 10 months, according to a close observer business survey on Friday.
Indicator hit 49.4 in March, down from 50.4 in Show February based in London global Preparing the monthly report for data company IHS Markit in cooperation with Istanbul room of industry.
PMI for The manufacturing sector is an important metric in health tracking of sector, with Value below 50 points Contraction is shown while above indicates expansion.
Andrew Harker, Economics director In IHS Markit, he pointed out out That war Russia on Ukraine that started on February 24, has added more the pressure on Turkish manufacturing sector.
“Really fragile demand Weakened by uncertainty caused Because of the war, inflationary pressures have worsened and supply chains have been further disrupted.”
output and new Supervised orders for the fourth and sixth month in a row, in March.
new business From the outside continued rise Amidst some improvements in international demandsaid the report.
The rate of job creation also slowed down, easing to weaker in The current 22 month sequence of rising Recruit.
