Trevor Balchin

Turkish manufacturing activity contracts at slower pace in January: Index

Turkish manufacturing activity shrank at a slower pace in January thanks to an increase in new export orders after sinking to a four-month low the previous month, a survey showed on Feb. 1.

The manufacturing Purchasing Managers' Index (PMI) rose to 48.7 in January from 47.7 in December 2016, according to the Istanbul Chamber of Industry and HIS Markit. 

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