(MENAFN) On the back of a sharp growth in new manufacturing and export orders, Turkey's Purchasing Managers' Index (PMI) has hit its peak level in June since Nov-2014, surging to 52.2.
The numbers in production, new orders and exportation soared in a faster manner in the cited month as opposed to the cited month in the prior year, encouraging companies to raise employment rates.
On a different note, Turkey has the world's 17th largest Gross domestic product by PPP and 18th largest nominal GDP, plus its exports has reached a whopping USD163 billion in 2012.
"Manufacturers who were surveyed noted that the increase in new export orders had a significant positive effect in decreasing input prices in the manufacturing sector," said a Senior Economist.
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