ISO announced: Export climate at its lowest level in the last three months

Turkey’s ISO Export Markets Climate Index fell to 52.5 in October, its lowest level in three months, even as improvement in export markets extended into a 34th consecutive month. The strongest growth was recorded in the United Arab Emirates, while Brazil posted the sharpest contraction. The reading matters because it signals cooling momentum in Turkey’s export outlook while still remaining above the 50 threshold that separates expansion from contraction. Watch next month’s index for whether the decline proves temporary or marks a sustained slowdown in key export markets.