Currency weakness and subdued demand continued to plague Turkish manufacturing in October, with the sector suffering its 19^th consecutive month of contraction, according to the latest Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI).

The headline PMI registered at 46.5 in October, down fractionally from 46.7 in September and the lowest reading in three months (any figure below 50.0 denotes a contraction), said survey publisher S&P Global.

Andrew Harker, economics director at S&P Global Market Intelligence, 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.

“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."

S&P added that subdued demand was signalled by the PMI data in both domestic and export markets, with new business from abroad also slowing during the month.

“With new orders easing, manufacturers showed a reluctance to replace departing staff and purchase additional inputs. As a result, employment, purchasing activity and stocks of inputs all moderated,” it added.

Currency depreciation added to pressures on raw material prices, though, the rate of inflation eased slightly from September, S&P also said.