ICI Released April 2025 Türkiye Manufacturing PMI and Türkiye Sector PMI Report

• 02.05.2025
• Home

Istanbul Chamber of Industry Türkiye Manufacturing PMI was unchanged at 47.3 in April, signalling a further solid moderation of the health of the sector. Business conditions have eased in 13 consecutive months The latest data were collected between the 9th and the morning of 23rd April, and so the survey had closed prior to the earthquake on the 23rd. In line with the headline PMI, output eased for the thirteenth consecutive month in April, with firms reporting challenging international market conditions and subdued demand.

Istanbul Chamber of Industry Türkiye Sector PMI April 2025 report pointed out that the second quarter of the year started with a broad loss of momentum in new orders. The only sector that remained in the expansion zone was food products. Output and employment declined in many sectors, while cost pressures strengthened in general. Suppliers' lead times shortened in most of the sectors monitored under the survey, while new orders slowed in nine out of 10 sectors.

 As in new orders, the sharpest slowdown in output was observed in textile products.

Istanbul Chamber of Industry (ICI) released the April 2025 results of Türkiye Manufacturing PMI (Purchasing Managers’ Index) survey, which is recognized as the fastest and reliable indicator of the manufacturing industry’s performance in the economic growth. According to the survey results where any figure greater than 50.0 indicates overall improvement of the sector, the headline PMI was unchanged at 47.3 in April, signalling a further solid moderation of the health of the sector. Business conditions have eased in 13 consecutive months The latest data were collected between the 9th and the morning of 23rd April, and so the survey had closed prior to the earthquake on the 23rd. 

In line with the headline PMI, output eased for the thirteenth consecutive month in April, with firms reporting challenging international market conditions and subdued demand. Although solid, the latest moderation was less pronounced than that seen in March. 

Similarly, both total new orders and new business from abroad eased to lesser extents at the start of the second quarter. Demand conditions remained muted both domestically and internationally, however. With new orders slowing, manufacturers scaled back employment and purchasing activity,

extending the current periods of moderation to five and 12 months respectively. Inventories were also reduced. With demand for inputs muted, manufacturers reported that suppliers quickened their deliveries in April, the second month running in which this has been the case. Moreover, the latest improvement in vendor performance was the most pronounced since December 2022. Meanwhile, the rate of input cost inflation quickened to the fastest for a year amid currency weakness and higher costs for raw materials. These factors also led to a further rise in selling prices. Here too, the pace of inflation accelerated, reaching the fastest for seven months.

Commenting on the Istanbul Chamber of Industry Türkiye Manufacturing PMI survey data, Andrew Harker, Economics Director at S&P Global Market Intelligence, said: 

"An uncertain international economic environment added to the challenges facing Turkish manufacturers in April. As such, further moderations in new orders, output and exports were recorded by the latest PMI survey. That said, there were some signs of improvement, raising hopes that the sector could potentially move closer to growth territory in the months ahead.”

According to sector PMI, output and employment declined in many sectors

Istanbul Chamber of Industry Türkiye Sector PMI April 2025 report pointed out that the second quarter of the year started with a broad loss of momentum in new orders. The only exemption that remained in the expansion zone was food products. Output and employment declined in many sectors, while cost pressures strengthened in general. Suppliers' lead times shortened in most of the sectors monitored under the survey. New orders slowed in nine out of 10 sectors, with the wood and paper products sector falling again in April. Growth in food products, the only sector where an improvement was observed, remained quite moderate. The most significant decline in new orders was recorded in textiles. On the other hand, a slightly more positive outlook emerged in new export orders as two sectors posted an increase. Thus, output slowed down in eight of the 10 sectors monitored under the survey. This number was six in the previous month. As in new orders, the sharpest slowdown in output was observed in textile products. The only sector where output increased was food products, while no change was observed in the electrical and electronic products sector.

Firms generally tended to reduce their staffing numbers at the beginning of the second quarter due to the decline in demand and output requirements. The number of employees decreased in eight sectors, particularly in textiles. The volume of employment increased in the chemical, plastic and rubber products and food products sectors. Similarly, purchasing activity slowed down in most sectors. The two sectors that saw an increase were food products and electrical and electronic products. The decline in input demand led to a broad-based improvement in suppliers' lead times. Land and sea vehicles was the only sector where supplier performance deteriorated in April. The most significant decline in lead times was observed in textiles, while the improvement in machinery and metal products was the highest in the history of the survey. Input costs continued to rise sharply, and in eight out of 10 sectors, inflation increased compared to March. The fastest increase in input prices was measured in the land and sea vehicles sector. The sharpest rise in selling prices was recorded in wood and paper products. On the other hand, it was noteworthy that textile companies reduced their selling prices for the second month in a row.

You can find attached the Istanbul Chamber of Industry Türkiye Manufacturing PMI and Sector PMI April 2025 reports.