The headline seasonally adjusted Purchasing Managers’ Index™ (PMI™) in the manufacturing economy edged down from 49.4 in November to 49.0 in December. The reading signalled a fifth successive monthly deterioration in operating conditions. Foreign demand for Chinese manufactured goods also fell, and at a quicker pace than in November. Lower amounts of export work was often blamed on sluggish global economic conditions and the pandemic. Lower production requirements and difficulties sourcing workers due to pandemic-related disruption led to a further fall in employment.
Source: S&P Global PMI®
Post by: Republic of Türkiye Ministry of Trade