FX.co ★ Turkey’s Manufacturing Activity Contracts Further in June as PMI Slips to 47.1

Turkey’s manufacturing sector showed a deeper contraction in June, as the Istanbul Chamber of Industry Manufacturing PMI fell to 47.10 from 49.80 in May 2026. The latest reading, released on 1 July 2026, keeps the index below the 50-point threshold that separates expansion from contraction, signaling a worsening operating environment for Turkish manufacturers.

The June decline suggests that the soft patch observed in May has intensified, with overall business conditions deteriorating further. While the detailed drivers of the drop were not provided, a PMI reading this low typically reflects weaker new orders, output, or employment, or a combination of these factors. The second consecutive month below 50 will likely reinforce concerns over the resilience of Turkey’s industrial base amid ongoing domestic and global challenges.

With the June data now in, analysts and market participants will be watching subsequent PMI releases for signs of stabilization or a further slide. The latest figures underscore the pressures facing Turkey’s manufacturing sector and may influence expectations for economic growth and policy responses in the months ahead.