Turkiye's manufacturing sector experiences pronounced slowdown in May
by Giz
created
2024-06-07T16:44:50+07:00
Turkiye's PMI dropped to 48.4 in May 2024, signalling a modest slowdown in manufacturing, the most pronounced decline this year. New orders and export orders eased, linked to high prices and weak demand. Production and staffing levels fell, with capacity limits cited. Inflationary pressures eased, with input costs rising at a slower rate.
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