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Manufacturing Confidence Rises to 101.5 in February

TURKEY
  • Turkey's manufacturing confidence rose to 101.5 in February from 100.9 in January, according to the Central Bank of Turkey. Adjusted manufacturing confidence fell to 102 (Prior: 102.9) while capacity utilisation rose to 76.4% (Prior: 76.2%).
  • Speaking at a party rally yesterday, President Erdogan said “Hopefully we will breathe easier with the rapid decline in inflation toward the end of this year,” according to Hurriyet.
  • Turkey sold $12.2bln worth of bonds this year as of Feb 22, according to Bloomberg calculations. Issuance was up 5.4% compared to the same period last year. Meanwhile, foreign-currency issuance was up 44% to $3.97 billion versus the same period last year.
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