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.
turkey; turkish economy; pmi; purchasing managers index; industrial production; goldman sachs