Türkiye's export market conditions improved modestly in May, supported by signs of recovery in the Middle East despite continued weakness across several key European economies, a survey showed on Monday.
The Türkiye Export Climate Index, compiled by the Istanbul Chamber of Industry (ISO) and S&P Global to measure business conditions in the main export destinations of Turkish manufacturers, rose to 50.3 in May from 50.2 in April.
The reading returned to its March level and marked the 29th consecutive month of improvement in export market conditions. A figure above 50 indicates strengthening demand conditions, while a reading below that threshold signals deterioration.
Weakness in Europe
However, several major European markets continued to show signs of weakness.
