Istanbul Chamber of Industry (ICI) Released the May 2025 Report on the Developments in the Global Manufacturing PMI

• 11.06.2025
• News

Istanbul Chamber of Industry (ICI) released its May 2025 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The global PMI fell to 49.6 in May from 49.8 in April, signaling a slight deterioration in overall business conditions in the global manufacturing sector for the second month in a row. Contraction in total new orders accelerated, and new export orders dropped for the second consecutive month due to the impact of global trade uncertainties. As a result, global output volumes recorded their first decline in 2025. The declining trend of employment reached its 10th month. On the other hand, expectation indices, after dropping to its lowest level in the last 2.5 years in April, rebounded in May following the agreement reached between the US and China on tariffs.

As in April, the Manufacturing PMI remained above the 50.0 threshold value in 12 of the 33 national economies monitored under the survey in May. The slowdown in contraction in 13 of the other 21 countries compared to the previous month was the positive development of the month. The details of the report are as follows: