Turkish manufacturers faced a challenging first month of the second quarter of 2024. A sustained slowdown in new orders fed through to a renewed moderation in output, S&P Global said on May 2, presenting the Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI) for April. Headline PMI moved below the 50.0 no-change mark in April, posting 49.3 from 50.0 in March. The index thereby signalled a moderation of business conditions for the first time in three months, albeit one that was only marginal overall, S&P added. Andrew Harker, economics director at S&P Global Mar…