ISO Türkiye Export Markets Climate Index fell to 52.5 in October

The Istanbul Chamber of Industry’s Türkiye Export Markets Climate Index fell to 52.5 in October, its lowest level in three months, from the prior reading. Despite the decline, the index remained above the 50 no-change threshold, signaling that demand conditions in export markets continued to improve markedly. The reading marked the 34th consecutive month of strengthening export-market climate. The chamber said the pullback nonetheless pointed to a slower pace of improvement. Watch next month’s reading for whether the index resumes its upward trend or extends the deceleration.