ISO Export Markets Climate Index reaches highest level in 52 months in September
Demand conditions in foreign markets for the Turkish manufacturing sector strengthened in September, gaining momentum for the fifth consecutive month.
The Istanbul Chamber of Industry Turkey Manufacturing Sector Export Markets Climate Index rose to 53.2 in September, reaching its highest level in the last 52 months and sustaining the improvement trend in foreign markets.
Increase in the Climate Index
The September period results of the Istanbul Chamber of Industry Turkey Manufacturing Sector Export Markets Climate Index have been shared with the public.
The index rose to 53.2 points in September, reaching the highest level of the last 52 months, and thus the improvement seen in demand conditions in export markets gained momentum for the fifth consecutive month.
European and US Economies
In September, production growth was recorded in nine out of the top 10 export markets of the Turkish manufacturing industry.
The only exception to this trend was recorded as Poland, where manufacturing industry production declined significantly.
Developments in the European Market
Production increases continued in Germany, the United Kingdom, Italy, Spain, Romania, and the Netherlands.
While economic activity in France recorded an increase for the first time in over two years, even if at a limited level, exports to these economies constituted 34 percent of total manufacturing industry exports.
Situation in the Middle East and UAE
Among all economies monitored within the scope of the survey, the strongest production increase occurred in the United Arab Emirates.
While growth was recorded in Saudi Arabia, Kuwait, and Lebanon, production continued to fall in Qatar, and a marked contraction was experienced in Egypt.