a business Wednesday’s survey showed that manufacturing activity in Turkey contracted for The third month in a row in May, as production and orders slowed amid muted demand and continuous price pressures.
Purchasing Managers’ Index (PMI) for Manufacturing halted at 49.2 in May, unchanged from April, said a panel from Istanbul room of Industry (ISO) and S&P Global, surviving below The 50-point line that separates expansion and contraction.
New orders slowed, led by export orders that eased to the maximum in Two years, with Some manufacturers are highlighting the economic slowdown in Europe.
Companies continued to increase hiring to expand their capacity and reduced arrears of work in May while manufacturers also built Stores. Stores of The finished goods period has expired for eight months of exhaustion panel show up.
Input costs increased sharply amid rising raw material Prices and exchange rate Companies said the volatility was reversed in Production prices though rise was slower. companies also I mentioned mitigation of Supply chain disruptions, according to the survey.
“the demand in Turkey’s manufacturing sector remains weak in Drive amid the familiar headwinds we’ve seen in last months, with companies also struggling to secure the export business In the midst of an economic slowdown in Andrew Harker, Economics director At S&P Global.
However, there were some indications of that business may be start to get easier soon … a continuous period of profession creation It means that the companies will be ready should These are temporary improvements result in renewed request growth. “
