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.

Disclaimer: The Asia Garment Hub is a platform in which relevant industry news is streamed in real time. All views expressed and information displayed are those solely of the authors of the articles. The Asia Garment Hub is not responsible for the views expressed by the authors of articles on display.