Export climate index edges up in May
The Istanbul Chamber of Industry Türkiye Manufacturing Export Markets Climate Index posted 50.3 in May, up fractionally from 50.2 in April and back to the level seen in March, a survey showed on June 8.
Any reading above the 50 no-change mark indicates an improvement in the health of the climate in export markets, with any reading below 50.0 signaling a deterioration.
The latest reading therefore signaled a continuation of the recent trend whereby demand in export markets improved only marginally overall, the survey said.
“Nonetheless, the health of the export markets climate has now strengthened in 29 consecutive months,” it added.
