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. source: S&P Global

Manufacturing PMI in Turkey decreased to 47.90 points in September from 48.10 points in August of 2026. Manufacturing PMI in Turkey averaged 49.71 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 47.90 points in September from 48.10 points in August 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.



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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 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
Turkey Manufacturing Downturn Eases
The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 47.7 in July from 47.1 in June, but remained below the 50.0 threshold and signaled a deterioration in manufacturing conditions for the 28th consecutive month. New orders declined further amid subdued market conditions and price pressures, while international demand also weakened due to the war in the Middle East. Output contracted for a second straight month, prompting firms to reduce employment, purchasing activity, and inventories. Meanwhile, supplier delivery times lengthened at the slowest pace in nine months as softer input demand eased supply chain pressures, although delays in sea transportation persisted. On prices, input cost inflation slowed for the third consecutive month to its weakest since November 2025 despite higher oil and raw material costs, while selling price inflation eased to its lowest level of 2026 so far.
2026-08-03