Composite Purchasing Managers' Index (PMI) from IHS Markit, seen as a good indicator of economic health, bounced to 54.9 in July from June's 48.5, ahead of the 54.8 flash estimate. It had been below the 50 level separating growth from contraction for four months.
The services PMI rose to 54.7 from 48.3, its highest since September 2018. Overall demand increased and optimism improved but the employment index held below breakeven at 46.5, albeit better than June's 43.2 reading.
Source : Reuters
Post by : Republic of Turkey Ministry of Trade