Page 15 - TURKRptMar20

4.3​ Industrial sectors and trade 4.3.1​ PMI Production dynamics
It is a move past the 50-level that is supposed to indicate a recovery in the manufacturing purchasing managers’ index (PMI) data but PMI compiler IHS Markit has bowed to the Turkish distortions. In its charts, a score of 45 is now enough for the TUIK to signal a recovery in the industrial production data, even though there is no connection between industrial production and manufacturing output in the GDP figures and the monthly industrial production data releases.
PMI ​rose to 51.3 in January​, exceeding the 50-threshold for the first time in 22 months.
The relationship between the latest purchasing managers’ index (PMI) data on Turkey’s manufacturing sector and official figures suggests industrial production growth in the country is running at above 5% y/y at the start of the year, according to IHS Markit.
15​ TURKEY Country Report​ March 2020 ​ ​www.intellinews.com