Turkish Manufacturing PMI Rises to 49.3 in February
Turkey's manufacturing PMI rose to 49.3 in February as output and employment declines eased. New orders neared stabilization despite sharp input cost hikes.
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The manufacturing sector in Turkey showed signs of approaching stabilization in February as the contraction in output, employment, and inventories began to lose momentum. According to the latest survey data from S&P Global Inc., the Istanbul Chamber of Industry Turkey Manufacturing Purchasing Managers Index (PMI) rose to 49.3 in February, up from 48.1 in the previous month. While the reading remains below the 50.0 threshold that indicates growth, it reached its highest level since April 2024, marking a significant shift in the current period of moderation.
