FOREX TradingCharts.com

Financial News: Turkey Manufacturing Activity Deteriorates In October

Turkey Manufacturing Activity Deteriorates In October

11/01/2019 - 07:27:00 (RTTNews)

(RTTNews) - Turkey's manufacturing activity contracted in October, survey data from IHS Markit showed on Friday.

The Istanbul Chamber of Industry Turkey Manufacturing purchasing managers' index, or PMI, fell to 49.0 in October from 50.0 in September.

Any reading below 50 indicates contraction in the sector.

New orders softened in October after growing in the previous month, due to weakness in both domestic and export markets. Consequently, production shrunk again.

Employment rose for the second straight month, which was the first back-to-back increase in workforce numbers since early-2018. Backlogs of work moderated further, albeit to the least extent for twenty months.

Input costs rose though the currency weakened and electricity prices increased. The rate of inflation remained muted at the beginning of the final quarter of the year. Output prices fell for the second month in a row to stimulate sales.

"The recent upward trend in the PMI figures took a pause in October, highlighting that market conditions in the Turkish manufacturing sector remain challenging," Andrew Harker, associate director, IHS Markit, said.

"The situation is clearly improved since this time last year, however, and firms were confident enough in the outlook to continue expanding their workforce numbers."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Business Inventories Unexpectedly Unchanged In September (06 hr(s), 0 min(s),10 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story»

U.S. Industrial Production Slumps Due To Strike At GM (06 hr(s), 13 min(s), 10 sec(s) ago)
(RTTNews) - Industrial production in the U.S. fell by much more than expected in the month of Octo ...Full Story»

Growth In New York Manufacturing Activity Unexpectedly Slows In November (06 hr(s), 37 min(s), 10 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Friday unexpectedly showe ...Full Story»

U.S. Import Prices Fall 0.5% In October Amid Steep Drop In Fuel Prices (06 hr(s), 47 min(s), 10 sec(s) ago)
(RTTNews) - Import prices in the U.S. fell by much more than expected in the month of October, acc ...Full Story»

U.S. Retail Sales Rebound Slightly More Than Expected In October (06 hr(s), 57 min(s), 10 sec(s) ago)
(RTTNews) - After reporting an unexpected drop in retail sales in the previous month, the Commerce ...Full Story»

U.S. Industrial Production Slumps Much More Than Expected In October (07 hr(s), 01 min(s), 10 sec(s) ago)
(RTTNews) - Industrial production in the U.S. fell by much more than expected in the month of Octo ...Full Story»

New York Manufacturing Index Unexpectedly Edges Lower In November (07 hr(s), 41 min(s), 10 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Friday unexpectedly showe ...Full Story»

U.S. Import Prices Drop Much More Than Expected In October (07 hr(s), 45 min(s), 10 sec(s) ago)
(RTTNews) - Import prices in the U.S. fell by much more than expected in the month of October, acc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Business Inventories Unexpectedly Unchanged In September

11/15/2019 - 10:25 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed business inventories in ...Full Story>>

U.S. Industrial Production Slumps Due To Strike At GM

11/15/2019 - 10:12 AM (RTTNews)
(RTTNews) - Industrial production in the U.S. fell by much more than expected in the month of Octo ...Full Story>>

Growth In New York Manufacturing Activity Unexpectedly Slows In November

11/15/2019 - 09:48 AM (RTTNews)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Friday unexpectedly showe ...Full Story>>

U.S. Import Prices Fall 0.5% In October Amid Steep Drop In Fuel Prices

11/15/2019 - 09:38 AM (RTTNews)
(RTTNews) - Import prices in the U.S. fell by much more than expected in the month of October, acc ...Full Story>>

U.S. Retail Sales Rebound Slightly More Than Expected In October

11/15/2019 - 09:28 AM (RTTNews)
(RTTNews) - After reporting an unexpected drop in retail sales in the previous month, the Commerce ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.