Turkish manufacturing sector nears stabilisation in February, PMI shows

Turkey's manufacturing sector demonstrated signs of improvement in February 2025 as declines in output, employment, and inventories eased while new orders approached stabilization, indicating growing customer demand, according to S&P Global's report released in Istanbul on March 2. The Purchasing Managers' Index (PMI) data revealed that while the sector remained in contraction territory, the rate of decline slowed considerably from previous months, suggesting that the worst of the economic downturn may be ending. This stabilization follows a period of significant challenges for Turkey's industrial base, which has faced inflationary pressures and currency fluctuations that have affected production costs and export competitiveness. The improvement in new orders, a key leading indicator, provides particular optimism for the coming months as it suggests that both domestic and international customers are regaining confidence in Turkish manufactured goods.