Manufacturing PMI rises slightly in July
The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 47.7 in July from 47.1 in June, but remained below the 50 no-change mark, according to a closely watched survey on Aug. 3.
The headline PMI signaled a further solid moderation in the health of the manufacturing sector, S&P Global said, adding that business conditions have now eased in 28 successive months.
New orders slowed markedly again, albeit at a slightly weaker pace than in June, it said.
Panelists linked softer new business to subdued market conditions and price pressures. The war in the Middle East meant that international demand also waned at the start of the third quarter, according to the survey.
