Türkiye İmalat PMI Endeksi

The Istanbul Chamber of Industry Türkiye Manufacturing PMI dropped to 48 in January 2025 from 49.1 in the previous month, pointing to the tenth straight month of contraction and the most marked in three months. Both output and new orders continued to moderate, as demand conditions remained muted. Employment also declined for the second consecutive month, while purchasing activity eased, leading to a moderation in stocks of purchases. Weaker demand for inputs helped alleviate pressure on supply chains. Lead times subsequently lengthened only fractionally and to the least extent in four months. On the cost front, input price inflation accelerated, though remained below the series average, attributed to rising costs for raw materials and fuel, increased wages, and currency weakness. In turn, output cost inflation quickened, reaching a four-month high.