ANKARA, March 8 (Reuters) – Istanbul Chamber of Industry (ISO) Climate Index released by Turkey’s exports, the level rose to 51.5 in February from 49.9 in January.
The index continued to recover, which started after 19.1, the lowest level in the data history it saw in April 2020, exceeded the threshold value of 50 for the first time in July, and then followed a horizontal course above the 50 level.
The index, which declined to 48.9 in November 2020, rose to 50.5 in December, and again fell below the level of 49.9 and 50 in January.
All values above the threshold value of 50 in the index indicate an improvement in export climate and values below 50 indicate deterioration.
In the statement made by ISO, “While the main source of the improvement in export climate in February was in the USA, production in the country increased strongly and its rate of increase surpassed the nearly 6-year record recorded in January. Overall economic activity in Germany increased slightly despite the strong growth in manufacturing sector. Manufacturing industry performance was positive in most economies in Turkey. “ It was said.
Andrew Harker, Economic Director of IHS Markit, said:
“While vaccination applications for Covid-19 have started a global normalization process, we hope that a more positive period has opened for Turkish manufacturing industry exporters with the improvement of export demand conditions in February. Many challenges are likely to be encountered throughout the process, as it will continue to limit its potential. “
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