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Financial News: Turkey Manufacturing Growth Eases In April

Turkey Manufacturing Growth Eases In April

05/02/2017 - 03:55:00 (RTTNews)

(RTTNews) - Turkey's manufacturing activity expanded further in April, though the rate of expansion eased since March, survey figures from IHS Markit showed Tuesday.

The headline Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 51.7 in April from 52.3 in March. However, any reading above 50 indicates expansion in the sector.

Moreover, the index remained above its long-run trend level of 50.7 in the latest period and was the second-highest since December 2015.

Among components, output, new orders and employment all continued to increase in April.

On the price front, average input and output prices rose again in April, although the respective rates of inflation eased further to the slowest since last October.

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