Andrew Harker

Manufacturing activity loses momentum in September: Survey

The Istanbul Chamber of Industry's (İSO) headline Türkiye Manufacturing PMI dropped to 44.3 in September from 47.8 in August.

Any figure greater than 50 indicates overall improvement in the sector.

The latest reading signaled a marked slowdown in the sector and one that was the most pronounced since May 2020, the survey said.

Slowdown in manufacturing continues

The slowdown in the Turkish manufacturing sector became more entrenched in November, a survey conducted jointly by the Istanbul Chamber of Industry (İSO) and S&P Global has shown.

The headline PMI dropped to 47.2 in November from 48.4 in October, below the 50 no-change mark for the fifth consecutive month and pointing to a solid moderation in business conditions.

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