Geri
The results of the Istanbul Chamber of Industry (ICI) Türkiye Manufacturing Sector Export Climate Index, which measures the operating conditions of the Turkish manufacturing sector in the main export markets, for the 2025 period were announced. According to the announced results, the Turkish Manufacturing Sector Export Climate Index was above the 50 threshold for the 17th consecutive month, taking the value of 51 in May. All figures measured above the threshold value of 50 in the index indicate improvement, while values below it indicate deterioration. Thus, the index showed that the export climate of Turkish manufacturing exporters continued to strengthen. Although the improvement remained at a moderate level in May, it accelerated compared to the previous month.
Production in the US, Türkiye's second largest export market, regained strength in May, while production in the Middle East continued to increase. There was a strong increase in Middle Eastern countries such as Saudi Arabia, Kuwait and the UAE. Although non-oil economic activity in the United Arab Emirates showed a significant monthly increase, the growth rate remained at the lowest level since September 2021. Saudi Arabia and Kuwait also managed to advance their growth despite slowing production, while Egypt, Lebanon and Qatar were among the countries with declining economic activity. In Europe, economic activity continued to grow in Italy, Spain and the Netherlands, but weakened in France, Germany and Romania.
Output in the UK fell slightly in April and remained unchanged in May. In Russia, economic activity rebounded after two months of decline. According to the results of the survey conducted in May, Uganda, which experienced the strongest economic growth, has been the country with the highest production rate since August last year. Mexico recorded the lowest economic activity due to the impact of customs duties. Canada's production also contracted in the middle of the second quarter.
Commenting on the Istanbul Chamber of Industry Türkiye Export Climate Index, Andrew Harker, Economics Director at S&P Global Market Intelligence, said: ‘Despite the uncertainties in global trade conditions, the main export markets offered sufficient opportunities for export growth in May, and thus the overall demand climate for Turkish manufacturing exporters continued to improve. The standout development of the month was the recovery in US growth. On the other hand, in order for the general conditions to improve in real terms, companies will be expecting a similar development in major markets in Europe.’
