Turkey’s manufacturing sector returned to growth during June following the loosening of restrictions brought in to address a spring resurgence of the country’s COVID-19 outbreak, according to the latest purchasing managers’ index (PMI) survey data released on
The headline PMI moved back above the 50.0 no-change mark (any figure greater than 50.0 indicates an overall improvement of the sector), posting 51.3 following a reading of 49.3 in May, according to survey compilers Istanbul Chamber of Industry and
“There were some suggestions that growth could have been even stronger were it not for the ongoing difficulties in sourcing raw materials, with firms struggling to build input inventories and having to dip into stocks of finished goods to help fulfil new orders.”
“Stronger domestic demand”
Farr also observed that the input price component in Turkish manufacturing rose notably in
The rate of job creation in Turkey’s manufacturing quickened in June, with employment up for the 13th successive month, and at a modest pace that was faster than that seen in May, added
The sector’s new business from abroad also expanded, at the fastest pace since January, while there “were some reports from firms that difficulties securing raw materials had prevented a sharper increase in production”, it said.
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