Turkiye’s manufacturing sector lost further momentum in July as muted demand conditions led to more pronounced slowdowns in new orders and output, S&P Global Ratings said.
Manufacturers scaled back their staffing levels and purchasing activity, and made efforts to limit inventory holdings.
Currency weakness was a key factor leading to further increases in input costs and output prices.
Manufacturers scaled back their staffing levels and purchasing activity, and made efforts to limit inventory holdings.
Currency weakness was a key factor leading to further increases in input costs and output prices.
