Istanbul Chamber of Industry (ICI) Released March 2025 Report on Developments in the World Manufacturing PMI

• 09.04.2025
• News

Istanbul Chamber of Industry (ICI) released its March 2025 Report on the developments in the Global Manufacturing Purchasing Managers’ Index (PMI) in the World. The global PMI dropped to 50.3 in March from 50.6 in February. Thus, the index, after a slight contraction with an average of 49.7 in the last quarter of 2024, signaled a weak growth with an average of 50.3 in the first 3 months of 2025. In the world manufacturing sector, output and new orders increased, albeit at a slower pace compared to the previous month. Export orders remained flat in March after falling in February. Expectations in the sector weakened while employment continued to decline, albeit at a slower pace.

Input price inflation was close to the 2-year record high set in February, while cost increases were partially passed on to customers and selling prices rose at the fastest pace in 9 months. The manufacturing PMI was above the threshold value of 50 in only 12 of the 33 national economies monitored under the survey. In 6 of these countries, growth accelerated compared to the previous month. Shrinkage accelerated in 10 of the 21 countries where the index was below 50. The 4 countries that grew in February shifted to contraction zone in March. The details of the report are as follows: