The Turkish manufacturing sector faced a challenging demand environment in May, experiencing further slowdowns in total new orders and exports, according to data for the month provided for the Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI). The headline PMI posted below the 50.0 no-change mark for the second consecutive month in May. It fell to 48.4 from 49.3 in April. The latest reading signalled a modest slowdown in business conditions, but one that was the most pronounced in 2024 so far, survey publisher S&P Global noted. Commenting on the PMI outcome, A…