12/2/2010

Goldman Sachs: Turkish economy to continue strong growth

Aksam - Recently released November data of the Purchasing Managers Index (PMI) show that the Turkish economy is still on its strong growth track, a Goldman Sachs analysis indicates. The 3-month average of PMI data reaching an average point of 53.6 shows that industrial production has increased by 2 percent in the last quarter, exceeding the previous quarter’s 1.2 percent. The report supports Goldman Sachs’ early suggestion that the country will achieve 8.5 percent of GDP growth in 2010.
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turkey; turkish economy; pmi; purchasing managers index; industrial production; goldman sachs