Türkiye · Tuesday, 3 November 2026
Turkish manufacturing shrinks for fifth month as new orders slump
The S&P Global PMI fell to 47.3 in October from 47.9, the fifth straight month below the growth threshold, with new orders dropping at their sharpest pace since July. Nearly a third of manufacturers reported higher input costs from oil, raw materials and a weaker lira, while confidence slipped to a three-month low.
More on this: Inflation, the lira and the Turkish economy