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The manufacturing sector in Türkiye continued to lose momentum in April, with the headline Purchasing Managers' Index (PMI) falling to 47.3, according to a report released by S&P Global on Friday.
This figure marks the lowest level since last October, reflecting sustained but slower declines in both output and new orders.
The Purchasing Managers' Index (PMI) is an economic indicator based on monthly surveys of private sector companies, measuring the prevailing direction of economic trends in the manufacturing and services sectors.
A PMI reading above 50 indicates overall expansion in the manufacturing sector, while a figure below that threshold signifies contraction.
In April, output declined for the 13th consecutive month, as firms cited weak international market conditions and subdued demand.
“With new orders slowing, manufacturers scaled back employment and purchasing activity, extending the current periods of moderation to five and 12 months, respectively. Inventories were also reduced,” the report noted.
Muted demand for inputs allowed suppliers to accelerate their delivery times for the second consecutive month.
At the same time, the rate of input cost inflation rose to its highest level in a year, driven by currency depreciation and increased raw material costs. These pressures contributed to a further rise in selling prices, which reached a seven-month high.
“An uncertain international economic environment added to the challenges facing Turkish manufacturers in April. As such, further moderations in new orders, output, and exports were recorded by the latest PMI survey,” said Andrew Harker, economics director at S&P Global Market Intelligence.
“That said, there were some signs of improvement, raising hopes that the sector could potentially move closer to growth territory in the months ahead,” he added.
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