Turkish PMI shows slight recovery in February

The latest data on the Purchasing Managers' Index (PMI) for the manufacturing sector in Turkey indicates a slight stabilization. The index, which is compiled by the Istanbul Chamber of Industry (ISO) and compiled by S&P Global Market Intelligence, rose to 49.3 points in February after 48.1 in January. Values below 50 continue to signal a deterioration in the business situation - although this has only been marginal recently. Andrew Harker, Economics Director at S&P Global Market Intelligence, explained that the latest figures provide "some grounds for optimism". New orders had come closer to stabilizing and several companies reported an improvement in customer demand. The decline in production slowed accordingly, which is reflected in