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Turkish manufacturing firms faced challenging business conditions in October with new orders and output continuing to slow, a business survey showed on Monday. The Turkish manufacturing purchasing managers' index (PMI) slipped to 46.5 from 46.7 in September. Any reading below 50 indicates a contraction in activity. Manufacturing output declined for the 19th consecutive month with weaker customer demand and a slowdown in new orders cited as key factors, affecting both domestic and export markets. In response to the downturn, manufacturers reduced employment and curtailed purchasing activity, according to the survey. Suppliers, facing reduced demand, were able to slightly improve delivery times. Currency weakness continued to exert pressure on input costs, leading to a sharp rise in prices, although the rate of inflation eased slightly from September while output prices also increased, the panel said. "Muted demand conditions again set the scene for the Turkish manufacturing sector in October, leading to slowdowns in output, new orders, employment and purchasing," said Andrew Harker, Economics Director at S&P Global Market Intelligence. "Manufacturers continued to face sharply rising input costs, again in large part due to currency weakness. These patterns have been seen throughout 2025 so far and there is little sign of an end to the challenges facing firms in the near future."
