May sees manufacturing PMI rise to 49.8
The headline Istanbul Chamber of Industry Türkiye Manufacturing PMI posted 49.8 in May, following a reading of 45.7 in April.
The PMI was at its highest since March 2024 and signaled a near-stabilization of business conditions, S&P Global said in a statement on June 1.
Output returned to growth, in part reflecting a renewed expansion in new export orders, it added.
“Purchasing activity also rose, but anecdotal evidence suggested that this was in part due to safety stock building amid price and supply disruption caused by the war in the Middle East,” it said.
