The Turkish manufacturing sector’s business conditions “moved closer to stabilization” at the end of the third quarter, data provider S&P Global stated on Monday. It said employment continued to rise, while input and output costs softened sharply in September. The Purchasing Managers Index (PMI) in the sector rose to 49.6 in September from 49 on a month-on-month basis.
“The health of the sector has now softened in three successive months,” it added.
It was noted that output moderated in the third quarter, reflecting weak market conditions and a slowdown in new orders.
“Both total new orders and new export business eased further in September, but at a softer pace than in August,” it added.—AA
