Türkiye's export climate hits three-month low

Despite the decline, the index remained above the 50-point threshold, indicating that demand conditions in export markets continued to improve. This marked the 34th consecutive month of improvement in Türkiye's export climate.

In October, the United Arab Emirates recorded the fastest increase in economic activity, while growth continued in the United States, Germany, Italy, Spain, and the Netherlands. The United Kingdom posted its strongest increase in output in eight months, while France and Romania returned to contraction. Brazil experienced the sharpest decline. Andrew Harker, Economics Director at S&P Global Market Intelligence, stated that signs of slowing global growth were becoming more evident and that political uncertainties were negatively affecting demand in certain markets.