Fashion
Turkiye raises monthly minimum wage by 27% for 2026
The gross minimum wage will be set at TL 33,030, he said.
Turkiye’s net monthly minimum wage will be raised by 27 per cent YoY to 28,075 Turkish lira (~$655.53) next year, Labour Minister Vedat Isikhan has said.
The gross minimum wage will be set at TL 33,030.
The announcement followed the third meeting of the Minimum Wage Determination Commission.
The talks were held without the participation of Turk-Is, the main labour confederation, which rejected the hike.
The hike will affect close to 9 million workers and is being widely perceived as a benchmark for private-sector pay rises.
“With the new wage, we stand behind our promise of not letting our employees be crushed by inflation,” he was quoted as saying by domestic media reports.
The announcement followed the third meeting of the Minimum Wage Determination Commission, comprising 15 members, five each from the government, employers and workers.
However, this year’s talks were held without the participation of Turk-Is, the main labour confederation, which said it is not accepting the increase as the hiked figure does not meet any of its demands.
Annual inflation in the country cooled to 31.1 per cent in November—the lowest in four years.
Vice President Cevdet Yilmaz recently said the government’s priority for next year is to bring inflation below 20 per cent.
Fibre2Fashion News Desk (DS)
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
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Methanol prices in India have surged nearly 150 per cent from pre-Iran–US tension levels, tracking a sharp rise in crude oil and tightening global energy markets.
Hormuz disruption risks, limited rerouting capacity, rising freight and insurance costs, and constrained imports are fuelling volatility, with prices seen approaching ₹90 per kg.
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The easing in the rate of decline reflects moderating downward pressure from energy markets, particularly crude oil prices, which continue to influence industrial pricing trends, CBS said in a press release.
Manufacturing output prices in the Netherlands fell 2.3 per cent YoY in February 2026, a smaller decline than January’s 2.5 per cent, according to CBS.
The drop was driven by lower crude oil prices, though the pace of decline eased.
Petroleum prices remained subdued.
On a monthly basis, prices rose 0.3 per cent, signalling mild recovery in domestic and export markets.
In February, the average price of a barrel of crude oil stood at nearly €59, down by over 18 per cent YoY. This compares with January, when Brent crude averaged around €55 per barrel, registering a sharper annual decline of more than 27 per cent.
Petroleum-derived product prices also showed a narrower contraction, falling by 9.1 per cent YoY in February compared to a steeper 15.6 per cent drop in January.
On a month-on-month (MoM) basis, however, manufacturing output prices edged higher by 0.3 per cent in February. Export prices rose by 0.4 per cent, while domestic market prices increased by 0.3 per cent, indicating a modest recovery in short-term pricing momentum.
Fibre2Fashion News Desk (SG)
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