ISO Türkiye Manufacturing PMI results for June announced

The results of the June 2024 period of the Türkiye Manufacturing PMI survey conducted by the Istanbul Chamber of Industry (ISO) were announced. According to the results of the survey, where all figures measured above the threshold value of 50 indicate an improvement in the sector, the headline PMI, which was recorded at 48.4 in May, decreased to 47.9 in June and realized below the threshold value for the third consecutive month.

While the index indicated a slight deterioration in the operating conditions of the Turkish manufacturing sector, it was noted that this deterioration was the most significant since early 2024.

The weakness in demand conditions continued to be a determining factor in the operating conditions of the sectors, leading to a continued slowdown in both new orders and production. The decrease in new orders accelerated compared to May due to the weakness in domestic and foreign markets. The slowdown in new orders from abroad, on the other hand, was more moderate than that in total new orders.