The Istanbul Chamber of Industry Türkiye Manufacturing PMI edged down to 48.1 in January 2026 from 48.9 in December, remaining below the 50.0 threshold for the twenty-second consecutive month. The reading signaled a mild deterioration in manufacturing conditions, with subdued demand as new orders declined further and export orders weakened more sharply than overall business. In response, manufacturers continued to scale back output, extending the downturn in production to nearly two years. Employment and purchasing activity also decreased, reflecting softer workloads and ongoing caution among firms. On the price front, inflationary pressures heightened, with input costs rising at the fastest pace since April 2024 due to higher raw material prices, while output prices climbed at a near two-year high. An analyst at the Istanbul Chamber of Industry commented that manufacturing entered 2026 much as it ended last year, with demand conditions still weak and production slowing. source: S&P Global

Manufacturing PMI in Turkey decreased to 48.10 points in January from 48.90 points in December of 2025. Manufacturing PMI in Turkey averaged 49.79 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 48.10 points in January from 48.90 points in December of 2025. Manufacturing PMI in Turkey is expected to be 50.80 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 Manufacturing Downturn Deepens in January
The Istanbul Chamber of Industry Türkiye Manufacturing PMI edged down to 48.1 in January 2026 from 48.9 in December, remaining below the 50.0 threshold for the twenty-second consecutive month. The reading signaled a mild deterioration in manufacturing conditions, with subdued demand as new orders declined further and export orders weakened more sharply than overall business. In response, manufacturers continued to scale back output, extending the downturn in production to nearly two years. Employment and purchasing activity also decreased, reflecting softer workloads and ongoing caution among firms. On the price front, inflationary pressures heightened, with input costs rising at the fastest pace since April 2024 due to higher raw material prices, while output prices climbed at a near two-year high. An analyst at the Istanbul Chamber of Industry commented that manufacturing entered 2026 much as it ended last year, with demand conditions still weak and production slowing.
2026-02-02
Turkey Manufacturing Downturn Softest in a Year
The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 48.9 in December 2025 from 48.0 in November, marking the softest contraction in a year. New orders and export orders declined at the softest pace since March 2024, reflecting some improvement in customer demand. Output fell for the twenty-first consecutive month, though at the slowest pace in 12 months. Employment and purchasing activity contracted only slightly, with the smallest reductions since March 2025, while inventories of purchases and finished goods fell solidly. Inflationary pressures picked up, with input costs rising sharply amid higher raw material prices and selling prices increasing at the fastest pace in eight months. An analyst at the Istanbul Chamber of Industry commented that the PMI’s rise gives Turkish manufacturing momentum into 2026, with improved demand supporting milder slowdowns in output, orders, and employment.
2026-01-02
Turkey Manufacturing Downturn Softens
The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 48 in November 2025 from 46.5 in October. This was the 20th consecutive month of contraction, albeit the softest since February. New orders continued to drop amid subdued demand, but the pace of decline was the slowest since August, resulting in a milder moderation of output. Employment was scaled back only slightly and to the least extent since March. Purchasing activity, however, was reduced markedly, with sharper falls in stocks of both purchases and finished goods. Meanwhile, suppliers' delivery times lengthened marginally after a slight improvement in vendor performance in October. Turning to prices, input costs increased at the slowest pace in nearly a year, while selling prices rose at the weakest rate recorded year-to-date.
2025-12-01