The Istanbul Chamber of Industry Türkiye Manufacturing PMI edged down to 47.2 in May 2025 from 47.3 in the previous month, marking the fourteenth consecutive month of contraction.
The figure also marked the sharpest downturn since October 2024, as new orders declined for the 23rd consecutive month and at a solid pace.
In addition, employment and purchasing activity dropped more sharply than in the previous month, while inventories of both inputs and finished goods were scaled back in response to softer demand conditions.
On the price front, input cost inflation remained elevated—reflecting ongoing currency depreciation—though it eased slightly from April’s one-year high.
Meanwhile, selling price inflation moderated to its lowest level so far in 2025, as subdued market conditions limited firms’ pricing power.