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Asharq Al-Awsat

Business

Asharq Al-Awsat

Turkish Manufacturing Activity Barely Grows in February

An employee works at an assembly line in the Toyota manufacturing plant in Sakarya October 10, 2013. REUTERS/Osman Orsal

Turkish factory activity barely grew for a second straight month in February amid sharp price rises and a slowdown in production due to outages of natural gas and electricity, a survey showed on Tuesday.

The Purchasing Managers' Index (PMI) for Turkish manufacturing stood at 50.4 in February, slipping from 50.5 in January, data from the Istanbul Chamber of Industry and IHS Markit showed.

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