The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 49.8 in May 2026 from 45.7 in April. The reading was the highest since March 2024 and signaled a near-stabilization in manufacturing sector conditions. Output returned to growth after falling sharply in April. External demand also improved, with new export orders rising, ending a 20-month period of decline. This helped to cushion the drop in total new orders, which nevertheless fell slightly during the month. Employment levels were reduced for another month, albeit to the smallest extent so far this year. Purchasing activity rose for the first time in over two years as some firms sought to build inventories amid rising costs and supply-chain disruptions caused by the Middle East war. Suppliers' delivery times lengthened further, with vendor performance deteriorating for the seventh month. While input costs continued to rise sharply, the rate of inflation eased, a trend that was also reflected in output prices. source: S&P Global

Manufacturing PMI in Turkey increased to 49.80 points in May from 45.70 points in April of 2026. Manufacturing PMI in Turkey averaged 49.75 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 increased to 49.80 points in May from 45.70 points in April of 2026. Manufacturing PMI in Turkey is expected to be 49.50 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 54.20 points in 2027 and 53.00 points in 2028, according to our econometric models.



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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 Factory Activity Nears Stabilization
The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 49.8 in May 2026 from 45.7 in April. The reading was the highest since March 2024 and signaled a near-stabilization in manufacturing sector conditions. Output returned to growth after falling sharply in April. External demand also improved, with new export orders rising, ending a 20-month period of decline. This helped to cushion the drop in total new orders, which nevertheless fell slightly during the month. Employment levels were reduced for another month, albeit to the smallest extent so far this year. Purchasing activity rose for the first time in over two years as some firms sought to build inventories amid rising costs and supply-chain disruptions caused by the Middle East war. Suppliers' delivery times lengthened further, with vendor performance deteriorating for the seventh month. While input costs continued to rise sharply, the rate of inflation eased, a trend that was also reflected in output prices.
2026-06-01
Turkey Factory Activity Contracts Most in 1½ Years
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 45.7 in April 2026 from 47.9 in March, marking the largest deterioration in business conditions since September 2024. The decline reflected intensifying impacts from the war in the Middle East, with firms reporting weaker demand, rising costs, and ongoing supply-chain disruptions. Output contracted at a rate matching the steepest seen since the COVID-19 pandemic, while total new orders and export demand fell more sharply than in the previous month. Inflationary pressures intensified, with input cost inflation accelerating to its fastest pace since January 2024, while output prices rose at the sharpest rate in over two years. Supplier delivery times lengthened significantly, marking the worst deterioration since February 2023. In response, manufacturers reduced employment, purchasing activity, and inventories, with input stock depletion the steepest in six years.
2026-05-04
Turkey Manufacturing PMI Falls to 5-Month Low
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 47.9 in March 2026 from 49.3 in February. This marked the lowest reading since October 2025, due to sharper slowdowns in both total new orders and export orders amid weaker demand caused by the war in the Middle East. Output also declined to its lowest level since last November. The conflict further intensified inflationary pressures, resulting in higher costs for freight, fuel, and oil. Consequently, input costs and output prices rose at their fastest rates in 23 and 25 months, respectively. Lead times lengthened to the greatest extent since August 2024. Moreover, manufacturers reduced employment to the largest degree in six months and also cut back on purchasing activity and inventory holdings.
2026-04-01