Turkish Manufacturing PMI Hits Fastest Contraction Since June

Key Facts

The Turkish manufacturing sector contracted in October at the fastest pace since June. MarketScreener reported that Purchasing Managers' Index (PMI) data indicated a significant decline in industrial activity, reflecting ongoing economic challenges and cooling demand throughout the month.

This industrial downturn follows a trade balance deficit of -$5.16 billion recorded in late September. Additionally, the unemployment rate reached 8.4% on October 27, 2026, exceeding the forecasted 7.9% and signaling broader pressure on the Turkish economy.

The Turkish annual inflation rate is scheduled for release on November 3, 2026, with forecasts projecting a rise to 30% from the previous 29.73%. This will be followed by the monthly inflation data and a fresh trade balance report on November 4, 2026.