The decline in output volumes was the third in recent months, while the pace of contraction accelerated to the sharpest level since September 2025

The latest data signaled a modest decline in the health of the Russian goods-producing sector

The headline Istanbul Chamber of Industry Türkiye Manufacturing PMI posted 49.8 in May, following a reading of 45.7 in April.

The decline in output volumes was the third in recent months, while the pace of contraction accelerated to the sharpest level since September 2025

PMI data signal overall economic growth running at a modest annualized pace of just above 1% so far in the second quarter...