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Turkey October Manufacturing PMI: Summary
Markit Economics today released the October manufacturing HSBC purchasing managers’ index.
The Manufacturing PMI is designed to provide a single figure snap-shot for Turkish manufacturing. It is designed to provide the most up-to-date picture of business conditions in the private manufacturing sector. Anything above 50 indicates expansion; below 50, a contraction. The greater the divergence from 50, the greater the rate of change:
==================================================================== Oct. Sept. Aug. July June May 2011 2011 2011 2011 2011 2011 ==================================================================== ----------- Seasonally Adjusted ----------- PMI 53.3 51.5 48.8 52.3 52.3 50.6 ==================================================================== NOTE: Anything above 50 indicates expansion; below 50, a contraction. The greater the divergence from 50, the greater the rate of change. Source: HSBC/Markit Economics
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