The #HSBC #PMI for #Turkey is as disappointing as the stagnating - TopicsExpress

The #HSBC #PMI for #Turkey is as disappointing as the stagnating PMI numbers which came out from #China, South #Korea and #Japan. The index for Turkey fell from 51.2 in June to 49.8. The Turkish #economy is suffering from plummeting output and falling new orders. Export orders are worst in 2 years, but employment went slightly up. Input #prices accelerated, as the local currency was declining in value.

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