The Istanbul Chamber of Industry (ICI) Turkey Manufacturing PMI (Purchasing Managers Index) dropped by 0.1 points to 50.4 points in February, compared to the previous month. The PMI was down fractionally from 50.5 in January but still above the 50.0 no-change mark, as has been the case in each of the past nine months, said...
Tag: ICI Turkey Manufacturing PMI
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Manufacturing PMI hits an 8-month low
The Istanbul Chamber of Industry (ICI) Turkey Manufacturing PMI (Purchasing Managers Index) posted 50.5 in January, down from 52.1 in December 2021. Thus, the manufacturing PMI fell to its lowest level in the last eight months. However, the headline PMI remained above the threshold of 50.0 with the support of employment and suppliers’ delivery times...