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Manufacturing PMI hits 2-year low

Manufacturing PMI hits 2-year low

The Istanbul Chamber of Industry (ISO) Turkey Manufacturing PMI (Purchasing Managers Index) dropped from 48.1 to 46.9 month-over-month in July, below the threshold level of 50.0 for the fifth consecutive month. Thus, the ISO Turkey Manufacturing PMI has fallen to its lowest level since the beginning of 2020, when the pandemic started. Market uncertainty and...