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teknolojiarsivi.com July 17, 2018


Turkish factory activity grows for 10th straight month in December

02 January 2018, 11:18 | Floyd Cook

Turkish factory activity grows for 10th straight month in December

Manufacturing makes up about 10 per cent of economic output in the UK but has shown some of the best growth of any sector over the past year

"The fall in the headline PMI was driven by a contraction in new orders. Higher new orders encouraged firms to increase employment sharply", said Gabriella Dickens, an economist at IHS Markit.

According to data compiled by Nikkei Malaysia Manufacturing Purchasing Managers Index, manufacturers ended the 2017 year stagnant. In fact, job creation accelerated to the strongest since August 2012, the survey said.

The slowdown was reflected in the drop in buying activity in December, the sharpest decline since September. Delivery time increased for 11 consecutive months.

Growth in Australia's manufacturing sector moderated slightly in December, but continued its unbroken run of either expanding or stable conditions that began in October 2016. Although the rate of inflation quickened to a 10-month high, it was modest and weaker than the long-run series average. This led to a steep increase in output, with production rising for a 17th month.


The NBS data also showed that the country's non-manufacturing sector expanded faster in December, with non-manufacturing PMI coming in at 55 in December, up from 54.8 in November. "Anecdotal evidence pointed to stronger market demand from home and global markets", said Aashna Dodhia, economist at IHS Markit, which compiles the survey.

However, the sector continues to face some turbulence as delayed customer payments contributed to greater volumes of outstanding work.

According to Investec, input costs rose at their fastest pace in nine months in December, with higher raw material costs widely mentioned by panellists. "As consumer spending recuperates, firms were restricted in their ability to pass on higher cost burdens to clients which further placed upward pressure on firms' margins".

"Businesses retained positive forecasts for outputover the next 12 months (on) projections of an improvement in underlying demand conditions", it noted.



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