Turkey's manufacturing PMI down in February

Economy 13:58 01.03.2021
Turkey’s Purchasing Managers' Index (PMI) for the manufacturing sector dropped to 51.7 in February, a monthly business survey revealed on Monday.
 
The PMI decreased by 2.7 points from 54.4 in January, according to the report by the Istanbul Chamber of Industry, prepared in collaboration with London-based global data firm IHS Markit.
 
"Although a pause in new order growth was signaled, firms continued to expand production and workforce numbers," the report said.
 
It noted that increasing the value of the Turkish lira relieved the inflation rate on input and output costs.
 
The manufacturing PMI is a composite single-figure indicator, and any figure greater than 50 indicates an overall improvement of the sector, the report underlined.
 
"The headline PMI was above the 50.0 no-change mark for the ninth successive month in February, signaling a sustained improvement in business conditions," it added.
 
While the operating conditions improved amid the pandemic conditions, new export orders also increased in the second month running in February.
 
The report also touched on problems in supply chains by saying that there are difficulties in accessing raw materials and shipping containers.
 
"This, combined with a modest slowdown in purchasing activity, led stocks of purchases to moderate further," it added.
 
The COVID-19 pandemic measures, affecting several sectors, caused global problems in supply chains.
 
Andrew Harker, economics director at IHS Markit, said: "Although there were signs of softening new order inflows in February, the overall Turkey PMI remained in positive territory as firms shrugged off a pause in new order growth and continued to raise production and employment."
IEPF issued a statement regarding Azerbaijani children at the UN Human Rights Council

News line

Russia accuses Ukrainian military chief of ordering downing of war prisoner plane
22:10 05.07.2025
Türkiye supports firefighting operations in Syria’s Latakia
22:00 05.07.2025
UNRWA calls for immediate fuel delivery to Israel-blockaded Gaza before shutdown of basic services
21:45 05.07.2025
Pashinyan: Armenia needs new constitution
21:20 05.07.2025
UN chief condemns Russia's recent 'series of large-scale' attacks on Ukraine
21:00 05.07.2025
Kazakh servicemen arrive in Azerbaijan to participate in Tarlan - 2025 exercise
20:45 05.07.2025
Erdogan: US has crucial role in achieving ceasefire in Gaza
20:20 05.07.2025
Building collapse in Pakistan kills 15
19:45 05.07.2025
Turkish FM Fidan to attend 17th BRICS Leaders Summit in Rio de Janeiro
19:30 05.07.2025
Australia pledges $283M for green energy project by explosives maker
19:10 05.07.2025
OPEC+ speeds up oil output hikes, adds 548,000 bpd in August
18:45 05.07.2025
Inter completes signing of Ange-Yoan Bonny from Parma
18:20 05.07.2025
Turkish president sees Zangazur corridor 'as part of the geoeconomic revolution'
18:00 05.07.2025
Turkish president urges Azerbaijan, Russia to show restrain amid tension
17:45 05.07.2025
China says war 'not a solution' to Iranian nuclear issue
17:15 05.07.2025
At least 18 people injured after fire alert on Ryanair plane in Majorca as passengers abandon jet & leap from wing
17:00 05.07.2025
Azerbaijani PM meets with UNESCAP executive secretary
16:45 05.07.2025
Lebanese president affirms coordination with Syria, warns against sectarian tensions
16:15 05.07.2025
21 killed in Israeli strikes on tents, school-turned-shelters in Gaza Strip
16:00 05.07.2025
Turkish construction sector takes on international projects worth $6.2B in first half of 2025
15:45 05.07.2025
Azerbaijani woman wrestler becomes European champion
15:30 05.07.2025
Mayor: Death toll in Russian attacks on Kyiv reached two
15:15 05.07.2025
Texas floods kill 24 people and leave many missing from girls' summer camp
14:45 05.07.2025
Conor McGregor has interest in White House fight after Trump's UFC idea
14:30 05.07.2025
Netanyahu era sees 40% surge in Israeli settlements in occupied West Bank
14:15 05.07.2025
Equatorial Guinea sues France in UN court to block sale of Paris mansion
14:00 05.07.2025
US president 'disappointed' over phone call with Putin
13:45 05.07.2025
Academy of Azerbaijan`s State Security Service hosts graduation ceremony
13:30 05.07.2025
Azerbaijan and Pakistan ink memo in Khankendi
13:15 05.07.2025
Trump says there could be Gaza deal next week
13:00 05.07.2025
First flight from Türkiye to Syria launched
12:45 05.07.2025
US marks its 249th anniversary of independence
12:30 05.07.2025
Azerbaijan's role in regional integration discussed at London conference
12:00 05.07.2025
Uzbek Minister: Mirziyoyev's visit to Azerbaijan crucial for dev’t of transport links
11:45 05.07.2025
Trump says US will start talks with China on TikTok deal this week
11:30 05.07.2025
Prime Minister of Pakistan Muhammad Shehbaz Sharif concludes visit to Azerbaijan
11:15 05.07.2025
Pakistani premier proposes low-emissions corridor at Economic Cooperation Organization summit
11:00 05.07.2025
Rwanda pledges to deliver on its part of US-brokered peace deal with DR Congo
10:45 05.07.2025
Hezbollah rejects calls to disarm before end of Israeli ‘aggression’ against Lebanon
10:30 05.07.2025
Trump says Gaza ceasefire deal may come next week after ‘positive’ Hamas response
10:15 05.07.2025
Hamısı