ICI Released September 2026 ICI Türkiye Manufacturing PMI and Türkiye Sector PMI Report

• 01.10.2026
• News

The headline Istanbul Chamber of Industry Türkiye Manufacturing PMI posted 47.9 in September, signalling a further modest easing of business conditions in the manufacturing sector. Operating conditions have now moderated on a monthly basis throughout the past two-and-a-half years. Softer demand conditions, in part due to uncertainty caused by the war in the Middle East, led to a further slowdown in new orders in September, New export orders also eased as international demand remained muted. 

 According to the Istanbul Chamber of Industry’s September report on the Türkiye Sector PMI, output slowed in nine of the 10 sectors tracked in the survey. The only exception was the food products sector, which increased output for the first time in the last seven months. The most pronounced slowdown in output occurred in the chemicals, plastics, and rubber products sector. The food products was again the only sector to see an increase in new orders, while the sharpest decline was recorded among wood and paper product manufacturers. As for new export orders, the land and sea vehicles sector joined the food products sector in the expansion zone in September. Only the land and sea vehicles and the electrical and electronic products sectors increased their workforce. 

Istanbul Chamber of Industry (ICI) released the September 2026 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 posted 47.9 in September, down slightly from August's reading of 48.1 and signalling a further modest easing of business conditions in the manufacturing sector. Operating conditions have now moderated on a monthly basis throughout the past two-and-a-half years. 

Softer demand conditions, in part due to uncertainty caused by the war in the Middle East, led to a further slowdown in new orders in September, with the pace of moderation quickening slightly from August. New export orders also eased as international demand remained muted. Subdued new order inflows amid challenging market conditions led manufacturers to scale back output again in September, the fourth month running in which this has been the case. Here too, the rate of moderation was greater than that seen in the previous survey period. 

Manufacturers continued to make efforts to better align their operations to softer new business, and scaled back employment, purchasing and inventories as a result. Higher costs for fuel, oil and transportation due to the war in the Middle East, plus increasing raw material prices, meant that input costs rose sharply again in September. The rate of inflation quickened to a four-month high. This was also the case with output prices as higher input costs were passed through to customers. Price increases affected vendor performance in September, according to respondents. Alongside this, delays to sea freight and material shortages also contributed to a further lengthening of suppliers’ delivery times at the end of the third quarter.

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 conflict in the Middle East enduring, Turkish manufacturers continued to feel the impacts in September. The picture was little-changed throughout the third quarter of the year, with the uncertainty around geopolitical conditions putting the handbrake on growth in the sector. Nonetheless, the average PMI reading for the third quarter was slightly higher than in the second, suggesting some tentative signs of recovery.”

According to ICI Türkiye Sector PMI, output slows in nine out of 10 sectors

According to the Istanbul Chamber of Industry’s September report on the Türkiye Sector PMI, output slowed in nine of the 10 sectors tracked in the survey. The only exception was the food products sector, which increased output for the first time in the last seven months. As was the case in August, the most pronounced slowdown in output occurred in the chemicals, plastics, and rubber products sector. Similarly, in September, the food products was again the only sector to see an increase in new orders, while the sharpest decline was recorded among wood and paper product manufacturers. The picture was somewhat more positive for new export orders; in September, the land and sea vehicles sector joined the food products sector in the expansion zone. As in August, staffing numbers increased in only two of the 10 sectors tracked in the survey in September. Land and sea vehicles firms increased their workforce for the fifth consecutive month, while employment in the electrical and electronic products sector rose for the second time in the last three months. The most significant decline in employment, however, occurred in the wood and paper products sector. Purchasing activity, which had slowed across all sectors in August, showed an increase in three sectors in September. The most notable increase was recorded in the food products sector, in which rising output requirements led to a strong expansion in input purchases. The rise in input demand in the food products sector contributed to longer delivery times for suppliers. However, a large portion of sectors were able to secure their inputs more quickly in September. In the electrical and electronic products sector, delivery times shortened for the first time in over a year. Sharp increases in input costs continued through the end of the third quarter. The land and sea vehicles sector saw the fastest rise in input prices, while the most moderate increase was recorded in the wood and paper products sector. Finished goods price inflation also gained momentum in most sectors, with the sharpest rise occurring in the primary metals industry and the slowest increase in the apparel and leather products sector.

 You can find attached the Istanbul Chamber of Industry Türkiye Manufacturing PMI and Sector PMI September 2026 reports.