ICI Released October 2025 Türkiye Manufacturing PMI and Türkiye Sector PMI

• 03.11.2025
• News

Istanbul Chamber of Industry Türkiye Manufacturing PMI registered at 46.5 in October, down fractionally from 46.7 in September and the lowest reading in three months. As such, the index pointed to a further moderation of business conditions in the manufacturing sector. Manufacturing output eased for the nineteenth consecutive month, and at a solid pace that was sharper than seen in September. 

According to the Istanbul Chamber of Industry Türkiye Sector PMI October 2025 report, output slowed in all 10 sectors monitored under the survey for the first time in four months. This is mainly due to weak new orders in most sectors, while staffing numbers also declined in general. The sharpest decline in output was recorded in land and sea transport sector. In new orders, a slightly more positive picture emerged thanks to expansion seen only in food products sector among 10 sectors. Persistent cost pressures led to higher product prices across all sectors.

Istanbul Chamber of Industry (ICI) released the October 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 indicates overall improvement of the sector, the headline PMI registered at 46.5 in October, down fractionally from 46.7 in September and the lowest reading in three months. As such, the index pointed to a further moderation of business conditions in the manufacturing sector. Manufacturing output eased for the nineteenth consecutive month, and at a solid pace that was sharper than seen in September. Anecdotal evidence pointed to muted customer demand and an associated slowdown in new orders. 

Indeed, new orders softened again in October, albeit at a slightly softer pace. Subdued demand was signalled in both domestic and export markets, with new business from abroad also slowing during the month. With new orders easing, manufacturers showed a reluctance to replace departing staff and purchase additional inputs. As a result, employment, purchasing activity and stocks of inputs all moderated. Reduced demand for inputs meant that suppliers were able to speed up their deliveries in some cases. Lead times shortened fractionally, ending a two-month sequence of declining vendor performance. Input costs continued to rise sharply in October as currency depreciation added to pressures on raw material prices. That said, the rate of inflation eased slightly from September. Output prices also increased at a slower pace, albeit one that was still solid nonetheless.

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

"Muted demand conditions again set the scene for the Turkish manufacturing sector in October, leading to slowdowns in output, new orders, employment and purchasing. Manufacturers continued to face sharply rising input costs, again in large part due to currency weakness. These patterns have been seen throughout 2025 so far and there is little sign of an end to the challenges facing firms in the near future.”

Output slows in all 10 sectors covered by the survey

The Istanbul Chamber of Industry's Türkiye Sector PMI October 2025 report showed that output slowed in all 10 sectors covered by the survey for the first time in the last four months. This is mainly due to weak new orders in most sectors, while staffing numbers also declined in general. Persistent cost pressures led to higher product prices across all sectors.

The sharpest decline in output was recorded in land and sea transport sector. In new orders, a slightly more positive picture emerged thanks to expansion seen in only one of the 10 sectors. New orders for food products increased for the third consecutive month, though moderate. The sharpest decline was in wood and paper products. 

The most significant slowdown in new export orders occurred in textiles sector. Here too, nine out of ten sectors were in contraction zone, with the only exception being the food products sector, where the volume of new orders from abroad remained flat.

The majority of Türkiye's manufacturing sectors entered the last quarter of the year with a tendency to reduce staffing numbers. Only two sectors, electrical and electronic products and base metals, recorded an increase in the number of employees. Purchasing activity also slowed in most sectors. Only in food products was there an increase in input purchases, accompanied by an increase in new orders. Weak input demand led to shorter lead times from suppliers in half of the sectors covered by the survey. The most significant improvement in supplier performance was observed in the chemicals, plastic, and rubber sectors. Input costs continued to rise sharply across all 10 sectors. The fastest increase was in machinery and metal products, while the lowest inflation was recorded in clothing and leather products.

Finished product prices were generally raised in October due to the significant increase in input costs. With the textile sector also increasing its prices as the decline in demand slowed, all ten sectors raised their sales prices for the first time in eight months. The highest inflation was seen in the food products and machinery and metal products sectors, both at the same rate.

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