Manufacturing activity slows in June, shows survey
The headline Istanbul Chamber of Industry Türkiye Manufacturing PMI posted 47.1 in June, down from 49.8 in May, pointing to a solid moderation in the health of the manufacturing sector during the month.
Any figure greater than 50 indicates overall improvement of the sector.
Respondents linked slower production to a range of factors, including market uncertainty caused by the war in the Middle East, a further softening of new orders and higher prices, S&P Global said in a statement on July 1.
The rate of input cost inflation continued to ease from April’s recent peak and was the slowest since last November, it noted.
