Financial News: Turkish Manufacturing Downturn Continues In March

Turkish Manufacturing Downturn Continues In March

04/02/2025 - 05:00:00 (RTTNews)

(RTTNews) - The manufacturing activity in Turkey deteriorated at a faster pace in March, survey results from S&P Global showed on Wednesday.

The headline The Istanbul Chamber of Industry Turkey Manufacturing Purchasing Managers' Index dropped to 47.3 in March from 48.3 in February. Any reading below 50.0 indicates contraction in the sector.

Among components, output, new orders, employment, and purchasing all eased in March amid challenging marketing conditions both domestically and internationally.

On the price front, input price inflation eased to a three-month low, and output prices rose at a slower rate.

"There was a lack of pressure on capacity across the sector, with suppliers able to speed up deliveries to the greatest extent since December 2022," Andrew Harker, Economics Director at S&P Global Market Intelligence, said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Swedish Service Sector Contracts In March (06 min(s), 32 sec(s) ago)
(RTTNews) - Sweden's services activity deteriorated for the first time in six months in March, ...Full Story»

Swiss Inflation Remains Stable At 0.3% (42 min(s), 32 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation held steady in March after easing to a near ...Full Story»

Russian Services Activity Loses Growth Momentum (01 hr(s), 08 min(s), 32 sec(s) ago)
(RTTNews) - The Russian service sector activity broadly stagnated in March amid a slowdown in new ...Full Story»

Japan Services Sector Stagnates (02 hr(s), 16 min(s), 32 sec(s) ago)
(RTTNews) - Japan services sector stagnated in March and contrasted with expansions in the past fo ...Full Story»

Australia Trade Surplus Shrinks In February (02 hr(s), 17 min(s), 32 sec(s) ago)
(RTTNews) - Australia's trade surplus decreased in February as exports fell amid an increase i ...Full Story»

China Services Activity Growth Accelerates (02 hr(s), 41 min(s), 32 sec(s) ago)
(RTTNews) - China's service sector growth accelerated to a three month-high in March on rising ...Full Story»

European Economic News Preview: Eurozone Final Composite PMI Data Due (03 hr(s), 12 min(s), 32 sec(s) ago)
(RTTNews) - Final composite Purchasing Managers' survey results from the euro area and the UK ...Full Story»

Australia Services Sector Picks Up Steam In March - S&P Global (35 min(s), 28 sec(s) ago)
(RTTNews) - The services sector in Australia continued to expand in March, and at a faster rate, t ...Full Story»