Kazakhstan's manufacturing remained under pressure in May, PMI data shows
23 hours ago
Turkey’s economic confidence index fell again in March, falling by 3% m/m to 100.2 points, data from national statistics office TUIK showed on March 27. The index fell 2% m/m in February, .
The 100-mark separates optimism from pessimism.
Previously, the index jumped by 10% m/m to 104.9 points in January, the highest level registered since August. The index hit a five-year high of 106.4 last August but gradually declined across the four following months to see 95.3 in December.
All the sub-indices of the headline economic sentiment index were down in March.
The seasonally-adjusted business confidence index declined further by 1% m/m to 109.5 in March, the lowest level since December. The adjusted index saw 110.9 points in January, the highest level since October, and then posted declines for the next two months.
Services confidence decreased by 1.6% m/m after declining 1.3% m/m in February while retail confidence declined by 1.9% m/m following the 1.5% m/m decline recorded in February.
Construction confidence decreased by 5.9% m/m after declining 3.7% m/m in February.
Consumer sentiment in Turkey fell again in March, dropping by 1.3% m/m to 72.3 on the index. That is the lowest level recorded since December.
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Kazakhstan's manufacturing remained under pressure in May, PMI data shows
New orders decrease slightly. Record reductions in backlogs and stocks of finished goods.
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