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4.2.2 PPI dynamics
Official domestic producer price inflation (PPI) in May edged down to 28.72% y/y, the lowest level seen since July’s 25% y/y. Official PPI for energy rose by 39% y/y, down from April’s 47.55% y/y.
4.3 Industrial sectors and trade 4.3.1 PMI Production dynamics
Turkey’s manufacturing PMI falls—temporary support from pre-election stimuli flags. According to the latest PMI survey data from Istanbul Chamber of Industry and IHS Markit, the index posted 45.3 in May. “Anecdotal evidence from survey respondents indicated that the depreciation in the Turkish lira affected the manufacturing sector during the month.”
29 TURKEY Country Report June 2019 www.intellinews.com