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

• 02.01.2026
• News

Although the headline PMI remained below 50.0 no-change mark in December, it rose for the second month running to 48.9 from 48.0 in November to signal only a slight moderation in operating conditions in the final month of the year. In fact, the slowdown was the least marked for 12 months. 

Of the 10 sectors monitored under the Istanbul Chamber of Industry Türkiye Sector PMI report, output increased in only three, new orders accelerated in two sectors. Exports and staffing numbers increased in half of the sectors. Inflationary pressures strengthened in December in general, after eased in November. Food products re-entered the expansion zone, growth in the non-metallic mineral products sector gave way to contraction. Output continued to increase in electrical and electronic products and wood and paper products sectors. The sharpest decline in output occurred in machinery and metal products, while the textile sector showed signs of recovery.

Istanbul Chamber of Industry (ICI) released the December 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 results of the survey where any figure greater than 50.0 no-change mark indicates overall improvement of the sector, although the headline PMI remained below 50.0 in December, it rose for the second month running to 48.9 from 48.0 in November to signal only a slight moderation in operating conditions in the final month of the year. In fact, the slowdown was the least marked for 12 months. 

New orders eased to the smallest degree since March 2024 as some firms signalled improvements in customer demand. Nonetheless, both total new business and new export orders continued to moderate in December. In line with the picture for new orders, production was scaled back again in December, albeit at a slower pace than in November. The latest moderation was the twenty-first in as many months, but the least pronounced for a year. Softer reductions were also seen with regards to purchasing activity and employment, the latter of which eased only marginally and to the least extent since March 2025. Meanwhile, inventories of both purchases and finished goods decreased solidly in December. After having eased to the slowest rates in almost a year in the previous survey period, inflation of both input costs and selling prices picked back up in the final month of 2025. Input costs increased sharply amid reports of higher raw material costs, with manufacturers subsequently raising their own selling prices at the fastest pace in eight months.

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

"With the Istanbul Chamber of Industry Türkiye PMI Manufacturing Index reaching its highest level for a year in December, the manufacturing sector takes some momentum into 2026, giving hope that we will see growth in the months ahead. A number of survey respondents noted that customer demand improved at the end of 2025, leading to softer slowdowns in new orders, output and employment. "While inflationary pressures rebounded following the recent lows seen in November, rates of increase in input costs and output prices were still comfortably below the highs we have seen at times in recent years and so shouldn't act to restrict demand for now.”

ICI Türkiye Sector PMI shows growth in a limited number of sectors

The Istanbul Chamber of Industry Türkiye Sector PMI report showed that growth continued in a limited number of sectors as of December 2025. Of the 10 sectors monitored under the survey, output increased in only three, while new orders accelerated in two sectors. The increase in exports and staffing numbers in half of the sectors was recorded as a positive development in the survey. On the other hand, inflationary pressures strengthened in December in general, after eased in November. While food products re-entered the expansion zone, growth in the non-metallic mineral products sector gave way to contraction. Output continued to increase in electrical and electronic products and wood and paper products sectors. The sharpest decline in output occurred in machinery and metal products, while the textile sector showed signs of recovery. 

The most significant slowdown in new orders in December was recorded in machinery and metal products. The improvement in new orders was limited to the electrical and electronic products and food products sectors. The increase in food products was the highest since September last year. New export orders showed a more positive picture in December, with half of the 10 sectors surveyed reporting an increase in exports. The fastest growth was in the food products sector, while the sharpest slowdown was in non-metallic mineral products. Employment increased again in five sectors in December. The strongest expansion in staffing numbers was in electrical and electronic products, while the sharpest contraction was in clothing and leather products. Input cost inflation in the electrical and electronic products sector accelerated sharply in December, reaching its highest level since February 2024. Cost increases in all other sectors accelerated again after losing momentum in November, though less pronounced than those in electrical and electronic products. The fastest increase in finished goods prices was again recorded in the electrical and electronic products sector. The only sector to report a decline in sales prices was clothing and leather products. In December, lead times from suppliers increased in most sectors. The only sector to report faster deliveries was wood and paper products.

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