Turkey Factory Activity Contracts Most in 1½ Years

2026-05-04 07:07 By Kyrie Dichosa 1 min. read

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.



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