Turkish Manufacturing Activity Contracts in October, PMI Data Shows
5 Articles
5 Articles
Turkey's Manufacturing PMI fell to 47.3 in October, marking the 31st consecutive month of contraction in the industrial sector. According to ISO data, inflationary pressures and weak demand weighed on production, with only the food and clothing sectors recording increases in new orders.
With the Manufacturing PMI falling to 47.3, attention in the industry has turned to production, orders, and financing balances. How does the volatility in the fund markets affect industrialists? Economist Necmettin Batırel explained the background of the fund crisis, the latest situation in the industry, and his expectations for the future of the economy.
The Istanbul Chamber of Industry's Turkey Manufacturing Purchasing Managers Index (PMI) fell to 47.3 in October, its lowest level since June. The contraction in the manufacturing sector reached its 31st month, with continued declines in new orders and production. Rising costs and weak demand continued to put pressure on the sector.
The Istanbul Chamber of Industry (ISO) Turkey Manufacturing PMI fell to 47.3 in October, indicating another significant monthly deterioration in operating conditions. The index recorded its lowest level since June, thus extending the weakening trend in the sector to its 31st month.
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