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Financial News: Turkey Manufacturing Growth Remains Strong In September

Turkey Manufacturing Growth Remains Strong In September

10/02/2017 - 07:16:00 (RTTNews)

(RTTNews) - Turkey's manufacturing conditions improved for the seventh successive month in September, though the rate of expansion eased since August, survey data from IHS Markit showed Monday.

The Istanbul Chamber of Industry Turkey Manufacturing purchasing managers' index dropped to 53.5 in September from 55.3 in August. However, any reading above 50 indicates expansion in the sector.

The upturn was driven in part by solid growth of new orders. In turn, firms scaled up output, purchasing and employment.

On the price front, both input and output price inflation eased at the end of the third quarter.

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