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. source: S&P Global

Manufacturing PMI in Turkey decreased to 45.70 points in April from 47.90 points in March 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 decreased to 45.70 points in April from 47.90 points in March 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.



Related Last Previous Unit Reference
Bankruptcies 1854.00 1667.00 Companies Mar 2026
Business Confidence 100.60 101.00 points Apr 2026
Capacity Utilization 73.80 73.30 percent Apr 2026
Auto Production YoY 106572.00 116037.00 Units Mar 2026
Car Registrations 159931.00 121791.00 Units Mar 2026
Changes in Inventories 415972474.00 250512592.00 TRY Thousand Dec 2025
Composite Leading Indicator 100.46 100.61 points Mar 2026
Corruption Index 31.00 34.00 Points Dec 2025
Corruption Rank 124.00 107.00 Dec 2025
Electricity Production 26040.91 30549.56 Gigawatt-hour Feb 2026
Industrial Production YoY 2.20 -1.90 percent Feb 2026
Industrial Production MoM 2.60 -2.90 percent Feb 2026
Manufacturing Production 2.40 -2.60 percent Feb 2026
Mining Production 4.10 -2.50 percent Feb 2026
Steel Production 3300.00 3000.00 Thousand Tonnes Mar 2026
Auto Sales YoY 104298.00 101997.00 Units Apr 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 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
Turkey Manufacturing Downturn Softest Since 2024
The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 49.3 in February 2026 from 48.1 in January, signaling a near stabilization in manufacturing activity and the softest contraction since April 2024. New orders edged down only marginally, marking one of the smallest declines since the current downturn began in mid-2023, amid signs of improving demand. Output fell for the twenty-third consecutive month, though at the slowest pace in over a year. At the same time, employment fell for the fifteenth straight month, but at a softer rate than in January. Purchasing activity was broadly unchanged, while inventories of purchases were reduced at a slower pace. On the price front, inflationary pressures intensified, with input costs rising at the fastest pace in nearly two years, driven by higher raw material prices and minimum wage increases. Output price inflation also accelerated to its strongest level since April 2024.
2026-03-02