Turkey manufacturing PMI hits highest level since 2024
Turkey's manufacturing sector neared stabilization in May as the PMI rose to 49.8. Renewed export growth helped production return to a slight expansion phase.
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Xurve View
Turkey manufacturing PMI rose to 49.8 in May from 45.7 in April, approaching the 50-mark threshold for sector expansion. The reading is the highest since March 2024 and marks the first rise in export orders in 21 months. Investors are monitoring whether recovering foreign demand can offset rising input costs and domestic price pressures to sustain growth.
