Although the headline Istanbul Chamber of Industry Türkiye Manufacturing PMI remained below the 50 no-change mark again in August at 48.1, the latest reading was up from July’s 47.7 and the highest in three months.

China's manufacturing activity declined for the second consecutive month in August, with the PMI rising slightly to 49.8, surpassing economists' expectations of 49.6.

India’s manufacturing PMI fell to 52.8 in August, a five-year low, as output and new orders growth weakened and employment contracted mildly.