FX.co ★ Turkey Manufacturing Sentiment Falls to 3-Month Low

Turkey’s manufacturing confidence index fell to 102.2 in July 2026 from 103.5 in June, its lowest reading since April, as sentiment among manufacturers weakened. Confidence declined amid a sharp drop in total orders over the past three months (99.9 vs. 106.6 in June), softer fixed investment expenditure (104.7 vs. 112.4), lower current total orders (84.5 vs. 88.4), and a slightly weaker overall business outlook (90.2 vs. 90.9). The downturn was partially offset by stronger figures for output volumes (119.3 vs. 117.6), finished goods inventories (97.0 vs. 95.8), expected employment over the next three months (105.2 vs. 103.9), and export orders (116.6 vs. 112.5), suggesting that manufacturers remained relatively optimistic about production capacity and external demand despite softer domestic order conditions.