Friday, June 01, 2018

Lira falls almost 2% after gloomy manufacturing survey

Lira falls almost 2% after gloomy manufacturing survey
Factory executives cited ‘challenging’ business conditions and ‘marked’ inflation

Turkey’s currency took a blow on Friday, sinking almost 2 per cent on the US dollar, after a survey of manufacturers pointed to a deeper slowdown in the sector amid a further increase in price pressures.

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