Manufacturing Sector Slowdown in Turkey Linked to Middle East Conflict
The latest in this situation
How it started
What happened
The Istanbul Chamber of Industry's Turkey Manufacturing Purchasing Managers' Index posted 47.1 in June, a decline from 49.8 in May, indicating a contraction in the sector. This slowdown was attributed to market uncertainty linked to the war in the Middle East. Firms reported facing softer new orders, higher prices, and lengthening supplier delivery times.
Why it matters
The reports detail how the geopolitical situation in the Middle East is impacting global supply chains and commodity prices. The sector's downturn extended its slump to 27 consecutive months, despite some easing in input cost inflation.
Who's involved
- S&P Global Market IntelligenceMonitors global market sentiment regarding the geopolitical situation in the Middle East.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JapanSpeculative
The manufacturing sector might face increased costs and reduced demand due to global supply chain disruptions.
How it developed
Newest first. Tap a step to see who reported it.- S&P signals renewed investor confidence while the ADB reports on the current state of the economy amidst sharp drops in remittances and the ongoing Iran conflict.Sub-event
- Ariadne, a company affected by the geopolitical situation, has seen its corporate outlook impacted by the Middle East conflict, leading to operational cuts.Sub-event
S&P Global monitors how the Middle East conflict, specifically the Iran war, is impacting global supply chains and commodity prices.1 source
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The entities involved
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S&P Global Market Intelligence
business unit of S&P Global
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Companies are under scrutiny regarding their quarterly earnings reports amid the ongoing US-Iran conflict dominating market sentiment in the Middle East and West Asia.
- S&P Global Market Intelligence released the latest Purchasing Managers' Index (PMI) data for Australia.
- The Center for Economic and Policy Research, co-founded by Dean Baker, is tracking how the unresolved situation in Iran is driving up prices and impacting global energy supplies.
- S&P Global Market Intelligence provided revenue and EBITDA projections on October 22, 2026.
- Middle East conflict is impacting global supply chains and trade.