The Istanbul Chamber of Industry Türkiye Manufacturing PMI edged down to 47.3 in October 2026 from 47.9 in September. This marked the 31st consecutive month of contraction, with the downturn being the most pronounced since June. Challenging market conditions led to further slowdowns in both output and new orders. Employment also continued to decline amid lower workloads and staff resignations, although the pace of job cuts was modest and the slowest since June. Regarding prices, input costs increased due to higher oil prices, increased raw material costs, and unfavorable exchange rate movements. The rate of inflation eased from September but remained sharp and was faster than the average for the year so far. Similarly, output prices rose markedly again. Supplier performance has now deteriorated on a monthly basis throughout the past year, although the latest lengthening of delivery times was modest. source: S&P Global

Manufacturing PMI in Turkey decreased to 47.30 points in October from 47.90 points in September of 2026. Manufacturing PMI in Turkey averaged 49.69 points from 2011 until 2026, reaching an all time high of 56.90 points in July of 2020 and a record low of 33.40 points in April of 2020. This page provides the latest reported value for - Turkey Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Turkey decreased to 47.30 points in October from 47.90 points in September of 2026. Manufacturing PMI in Turkey is expected to be 49.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Manufacturing PMI is projected to trend around 50.90 points in 2027 and 50.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 2286.00 2185.00 Companies Sep 2026
Business Confidence 99.80 102.00 points Oct 2026
Capacity Utilization 74.50 74.20 percent Oct 2026
Auto Production YoY 129571.00 74368.00 Units Sep 2026
Car Registrations 161027.00 171887.00 Units Sep 2026
Changes in Inventories 442669827.00 296521165.00 TRY Thousand Jun 2026
Composite Leading Indicator 100.73 100.46 points Sep 2026
Corruption Index 31.00 34.00 Points Dec 2025
Corruption Rank 124.00 107.00 Dec 2025
Electricity Production 28783.43 28017.61 Gigawatt-hour Jul 2026
Industrial Production YoY -1.90 -0.20 percent Aug 2026
Industrial Production MoM -1.00 -0.90 percent Aug 2026
Manufacturing Production -2.50 0.30 percent Aug 2026
Mining Production 1.70 -4.10 percent Aug 2026
Steel Production 3200.00 3400.00 Thousand Tonnes Sep 2026
Auto Sales YoY 83469.00 81031.00 Units Sep 2026


Turkey Manufacturing PMI
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Turkey Manufacturing Contracts at Fastest Pace in 4 Months
The Istanbul Chamber of Industry Türkiye Manufacturing PMI edged down to 47.3 in October 2026 from 47.9 in September. This marked the 31st consecutive month of contraction, with the downturn being the most pronounced since June. Challenging market conditions led to further slowdowns in both output and new orders. Employment also continued to decline amid lower workloads and staff resignations, although the pace of job cuts was modest and the slowest since June. Regarding prices, input costs increased due to higher oil prices, increased raw material costs, and unfavorable exchange rate movements. The rate of inflation eased from September but remained sharp and was faster than the average for the year so far. Similarly, output prices rose markedly again. Supplier performance has now deteriorated on a monthly basis throughout the past year, although the latest lengthening of delivery times was modest.
2026-11-02
Turkey Manufacturing Sector Contraction Deepens
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 47.9 in September 2026 from 48.1 in the previous month. This marked the thirtieth consecutive month in contraction territory, as new orders eased and demand remained subdued amid uncertainty stemming from the conflict in the Middle East. In response, manufacturers reduced output for a fourth straight month. Firms also cut employment, purchasing activity, and inventories as they adjusted operations to weaker demand conditions and softer inflows of new business. On the pricing front, input cost inflation accelerated to a four-month high, driven by higher fuel, energy, and transportation expenses linked to the Middle East conflict, alongside rising raw material prices. Manufacturers subsequently raised selling prices at a faster pace as increased costs were passed on to customers.
2026-10-01
Turkey Manufacturing Activity Falls at Softer Pace
The Istanbul Chamber of Industry Türkiye Manufacturing PMI ticked up to 48.1 in August 2026 from 47.7 in July, reaching its highest level in three months. The reading signalled a modest easing in the deterioration of business conditions, although the Middle East conflict continued to weigh on the sector, keeping demand muted amid uncertainty. Both total new orders and new export business declined, albeit at slower rates than in July. In turn, manufacturers scaled back production for the third consecutive month, although the pace of contraction was modest. Firms also reduced employment and purchasing activity, with both falling at solid rates that were sharper than in July. Stocks of both purchases and finished goods also dropped further. Input cost inflation accelerated to a three-month high, driven by higher fuel and oil costs as well as rising raw material prices. This prompted firms to raise their selling prices. Moreover, suppliers' delivery times lengthened.
2026-09-01