Global Manufacturing PMI Falls Below 50; Türkiye Among Worst Performers in April 2025
PMI
The global manufacturing sector started the second quarter of 2025 on a weak note, according to the latest Global Manufacturing PMI Report by the Istanbul Chamber of Industry (ISO). The global PMI index dropped from 50.3 in March to 49.8 in April, signaling a return to contraction territory.
The report attributes the decline to weakened global trade conditions, as new export orders fell and production growth slowed across several economies. Rising protectionism and fragile external demand continue to impede the recovery of global manufacturing, the report warned.
Türkiye’s Manufacturing PMI Stays at 47.3, Remains in Contraction for 13th Consecutive Month
In Türkiye, the Manufacturing PMI held steady at 47.3 in April, showing no change from March and remaining below the neutral 50 threshold for the 13th straight month. The data confirms ongoing weakness in Türkiye’s industrial sector, with limited declines in both output and new orders.
However, the most striking detail was the sharp rise in input costs, which marked the highest increase in the past 12 months, adding pressure on already strained manufacturers. Among the 33 countries tracked, Türkiye ranked 29th, placing it in the bottom quarter globally.
India Leads, Europe Struggles Near Contraction Line
Globally, India posted the strongest manufacturing growth with a PMI of 58.2, followed by Greece, the Philippines, and Ireland—all remaining in expansion territory. Meanwhile, major Western economies, including the UK, Canada, Mexico, and Vietnam, registered PMIs below 50, indicating ongoing contraction.
In Europe, the Eurozone average PMI stood at 49.0, with Germany (48.4), France (48.7), and Italy (48.9) hovering just below the neutral mark. This suggests that major European manufacturers are struggling to return to sustained growth.
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