Turkey: Manufacturing PMI rises in September
The Istanbul Chamber of Industry Manufacturing Purchasing Managers’ Index (PMI) rose to 49.6 in September from August’s 49.0. As such, the index remained below the 50.0 no-change threshold, signaling a continued deterioration in manufacturing sector operating conditions from the previous month.
In September, firms reported that rising price pressures—stemming from ongoing lira weakness—continued to constrain client demand during the month. That said, the rate of input cost inflation was the smallest since May. Consequently, output charge inflation also eased. Against this backdrop, new orders, output and input buying fell at softer rates. Moreover, firms expanded their headcounts for the fifth successive month.
In September, firms reported that rising price pressures—stemming from ongoing lira weakness—continued to constrain client demand during the month. That said, the rate of input cost inflation was the smallest since May. Consequently, output charge inflation also eased. Against this backdrop, new orders, output and input buying fell at softer rates. Moreover, firms expanded their headcounts for the fifth successive month.