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2025-08-01 16:17:32
Turkey's Manufacturing PMI fell to 45.9 in July, hitting a nine-month low. (1) Turkey's manufacturing PMI fell to 45.9 in July from 46.7 in June, marking the 16th consecutive month of contraction and the largest drop since October 2024. (2) New orders declined for 25 consecutive months, with export orders also weakening, leading manufacturers to cut production at the fastest pace in 10 months. (3) Employment declined for eight consecutive months, purchasing activity decreased, and raw material inventories fell by the largest amount since October 2024. (4) Finished goods inventories resumed decline after a brief rebound in June. (5) Input costs remained high due to currency depreciation, but inflation slowed to its lowest level this year. (6) Some companies lowered their quotes to promote sales, resulting in only a slight increase in output prices.
