Turkey's manufacturing sector faced another challenging month in January 2025, as the Istanbul Chamber of Industry Manufacturing Purchasing Managers' Index (PMI) recorded a decline. The PMI dipped to 48.00 from a previous figure of 49.10 in December 2024, indicating a further contraction in the sector. This latest figure, reported on 3rd February 2025, suggests continued uncertainties are impacting the Turkish manufacturing landscape.
A PMI reading below 50.0 points to a contraction, while readings above 50.0 signal expansion. The continuous decline to 48.00 highlights persistent challenges within the manufacturing industry, such as fluctuating demand, supply chain disruptions, or potential inflationary pressures affecting input costs.
Economists are closely monitoring these trends as they assess the potential for policy interventions or economic reforms to stabilize and stimulate the sector. With global and local economic conditions influencing output and factory orders, industry stakeholders hope for a recovery in the coming months to bolster Turkey's manufacturing output and support overall economic growth.
