Turkey’s manufacturing PMI fell to 47.9 as weaker demand weighed on factory activity. The decline indicates continued contraction in the manufacturing sector, with regional conflict and economic uncertainty affecting business conditions.
Turkey's manufacturing PMI fell to 47.9 in September from 48.1 in August, S&P Global data showed, extending the sector's contraction as new orders and output weakened. Reuters reported that manufacturers cited the continuing Middle East war among the factors weighing on business conditions. A PMI reading below 50 indicates contraction, making September another month of deteriorating factory activity. The release adds a fresh growth signal for Turkey as policymakers balance weak manufacturing conditions against InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More, energy costs and external financial pressures.
