Turkey Nov Manufacturing PMI Highest Since February- Markit/HSBC

Manufacturing activity in Turkey maintained its positive momentum in November, as output and new business accelerated for the second month, the results of a survey by Markit Economics and HSBC showed Monday.

The HSBC manufacturing purchasing managers' index rose to 52.2 in November from 51.5 in the previous month. A reading above 50 indicates expansion in the sector. The reading was the highest since February.

Manufacturing new orders increased for the third successive month in November and was the highest since February and was termed as strong in the context of historic survey data. New export order also rose for the first time in three month, albeit at a weaker pace.

Manufacturers continued to raise their staffing levels in November and the employment growth level accelerated to the strongest level since October 2013.

Purchasing activity rose for the fourth running month in November in line with increased production. It was the highest level since February.

On the price front, input price inflation slowed to a four-month-low in November. Both input and output price inflation was slower than the long-run survey average.

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