Turkey’s Manufacturing Contraction Eases as Istanbul Chamber of Industry PMI Edges Up in February

Turkey’s manufacturing sector showed signs of stabilisation in February, as the Istanbul Chamber of Industry Manufacturing Purchasing Managers’ Index (PMI) rose to 49.30. The reading, updated on 2 March 2026, marks an improvement from January 2026, when the index stood at 48.10.

Although the PMI remains below the 50-point threshold that separates expansion from contraction, the move from 48.10 to 49.30 suggests that the pace of decline in manufacturing activity is slowing. The February result indicates that business conditions in Turkey’s factory sector are still under pressure but are gradually moving closer to a neutral stance.

The back-to-back readings for January and February 2026 will be closely watched by market participants and policymakers as a potential early signal of stabilisation in Turkey’s industrial economy, following a period of subdued manufacturing performance.