Turquia PMI Industrial

The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 45.8 in October 2024, up from an over four-year low of 44.3 in September but stayed in contraction territory for the seventh consecutive month. Market conditions remained challenging, leading to muted demand and further slowdown in total new orders and exports. As a result, manufacturers reduced their production, employment, and purchasing activity. Meanwhile, stocks of purchases saw their largest drop since May 2020. Additionally, suppliers' delivery times lengthened in October, following a brief improvement in September. On the cost front, input price inflation eased to its lowest in almost a year and-a-half, while output price inflation also slowed.