ISO Turkey Manufacturing Sector Export Climate Index announced
The 2022 sales prices of the Istanbul Chamber of Industry (ISO) Turkey Manufacturing Industry Export Climate Index, which measures the activity in the Turkish manufacturing industry in August export markets, have been announced. A measurement above 50.0, which is the threshold value in the index, indicates usage in all measures, and values above 50 indicate values.
The Istanbul Climate Chamber Index as a Sector of 50.0 in July fell back to 48.8 in August, marking the first time threshold of 50.0 in the last 19 days, further compelling demand for Turkish manufacturers. The class has been regulated most prominently since June 2020, free of charge in its export.
CONTRACTING IN THE USA AND GERMANY
August’s school in the US seems to have deepened. Second lunar and meteorological event in the world’s largest economic economy. A similar picture was observed in Germany, where production was at the highest rate since May 2020. Germany, which is the largest foreign market for Turkish manufacturers, has 9 percent of exports. On the other hand, weakness in Europe plays out in Germany. While economic activity was experienced for the first time in the last 19 months in the United Kingdom, it was also recorded in Italy, Greece and the Netherlands. In contrast, growth is rising in France, Spain and Ireland. Among all those followed in the survey survey, the economy with the fastest production was the country. This sunflower son was the 27th hardest teacher.
THE MIDDLE EAST IS AGAIN THE MAIN SOURCE OF GROWTH IN DEMAND
On a positive note in August, the analysis of Middle East demand growth continued. In United Arab acquisitions (UAE), it was at its highest since June 2019 and the record from non-oil activities. The highest growth among the packages followed was also recorded in the UAE. Meanwhile, production in Qatar and Saudi Arabia has been completely completed. While the economic activity in Lebanon remained almost flat, the pace accelerated in Egypt. The main investment target of the four BRICs in August. The investment took place in private India.
Andrew Harker, the S&P Global Market Economy Report, which evaluates the Istanbul Chamber of Industry Turkey Export Index, said:
“Days before the Global collapse fueled the demonstrations of even more difficult Turkish manufacturers. Weakness was weak in markets while markets such as the US and Germany deepened in their exports. Growth continued to develop positively in the Middle East, with almost all business in the UAE.”