2026.05.0407:00:00UTC+00Turkey’s Manufacturing Contraction Deepens as April PMI Slips Further Below 50

Turkey’s manufacturing sector saw a further loss of momentum in April, with the Istanbul Chamber of Industry Manufacturing PMI easing to 45.70 from 47.90 in March 2026. The reading, released on 4 May 2026, signals a deeper contraction in factory activity, as any figure below 50 indicates a deterioration in operating conditions.

The April decline suggests that pressures on Turkey’s industrial base intensified at the start of the second quarter, following an already weak performance in March. With the PMI now moving further away from the 50-point threshold, concerns are likely to mount over the resilience of the country’s manufacturing sector and its potential drag on broader economic growth in the coming months.