Manufacturing PMI increased to 52 in November (Prior: 51.2). Headline figure
continued to remain above the critical value of 50 for the 6th month in a row. Production
increased slightly in November after the drop in October and ongoing employment gains supported the production. Despite new export orders increased, total orders decreased for the 2nd month in a row due to the price increases, electronic piece
shortages and difficulties in the automotive sector. Input prices increase sharply and hit
the highest level since September 2018, and the increase of sale prices hit the highest level of the PMI data base which stated 16,5 years ago.
Amongst 10 sectors covered in the context of the manufacturing PMI, the highest PMI
level was seen in clothing and leather products whereas the lowest level was seen
in electrical and electronic products sectors.
Manufacturing PMI indicate that the YoY IP could continue be at the positive levels despite some momentum loss in Q4.
Leading indicators pointed that the manufacturing sector continues to decelerate in Q4 whereas ongoing recovery trend in services sector offsets this condition.
BIST-100 Index and BIST Industry Index gained 18.9% and 18.2%, respectively whereas the manufacturing PMI recorded a slight increase and continued to stay above of the critical value of 50.