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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
MNI (London)
OCT S&P GLOBAL TURKEY MANUFACT. PMI 46.4; SEP 46.9
- S&P Global's manufacturing PMI contracted for the eighth consecutive month in October, dipping half a point to 46.4- the lowest since May 2020.
- Slowing new orders and reduced output reflected weakening growth prospects as the country grapples with surging inflation and low demand appetite from key European trading partners.
- Input inflation continued to surge due to the weak lira, spilling over to higher prices charged.
- Purchasing was scaled back as orders declined and staffing levels eased at the fastest since the pandemic onset. Unemployment remained at close to decade lows for now.
- This data implies a weak start to the fourth quarter.
Source: S&P Global
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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