The Istanbul Chamber of Industry Turkey PMI Manufacturing Index rose to 50.0 in September 2019 from 48.0 in the previous month, pointing to a stabilisation of the health of the sector after 17 consecutive months of contraction. Employment rose for the first time in 14 months and new orders expanded for the first time in a year-and-a-half, while new export sales continued to fall and output was unchanged. In addition, purchasing activity, stocks of purchases and finished goods inventories were all scaled back during the month. On the price front, input cost inflation softened to a three-year low due to a recent period of relative stability in the currency, and output charges posted the first decline in eight months. Manufacturing PMI in Turkey is reported by Markit Economics.

Manufacturing PMI in Turkey is expected to be 48.90 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Turkey to stand at 53.20 in 12 months time. In the long-term, the Turkey Manufacturing PMI is projected to trend around 55.00 in 2020, according to our econometric models.

Turkey Manufacturing PMI
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Turkey Business Last Previous Highest Lowest Unit
Business Confidence 98.80 102.50 123.30 52.60 Index Points [+]
Manufacturing PMI 50.00 48.00 55.70 42.70 [+]
Industrial Production -3.60 -1.10 27.30 -21.20 percent [+]
Industrial Production Mom -2.80 4.30 16.70 -13.40 percent [+]
Manufacturing Production -2.80 4.30 16.70 -13.40 percent [+]
Capacity Utilization 76.30 76.60 82.00 58.70 percent [+]
Changes in Inventories -4600588.80 -15661233.00 27201230.50 -40444799.00 TRY THO [+]
Bankruptcies 1011.00 1213.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 41992.00 26246.00 156173.00 1764.00 [+]
Car Production 136236.00 52242.00 163459.00 1421.00 Units [+]
Car Registrations 39110.00 67621.00 157531.00 5921.00 [+]
Leading Economic Index 3.88 2.19 12.75 -7.01 percent [+]
Internet Speed 7557.69 7551.73 7560.46 1008.59 KBps [+]
IP Addresses 8079762.00 7904681.00 9682770.00 2632946.00 IP [+]
Mining Production -6.00 8.50 39.90 -27.70 percent [+]
Steel Production 2633.51 2925.04 3368.15 152.00 Thousand Tonnes [+]
Competitiveness Index 62.14 61.60 62.14 4.13 Points [+]
Competitiveness Rank 61.00 61.00 63.00 43.00 [+]
Ease of Doing Business 43.00 60.00 73.00 43.00 [+]
Electricity Production 27496.00 28532.00 29183.00 14829.00 Gigawatt-hour [+]
Corruption Index 41.00 40.00 50.00 31.00 Points [+]
Corruption Rank 78.00 81.00 81.00 29.00 [+]


Turkey Manufacturing PMI

The Istanbul Chamber of Industry Turkey PMI Manufacturing Index measures the performance of the manufacturing sector and is derived from a survey of 400 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - Turkey Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
50.00 48.00 55.70 42.70 2011 - 2019 Monthly
SA




Country Last Previous
Australia 54.70 Sep/19
Brazil 53.40 Sep/19
Canada 51.00 Sep/19
China 51.40 Sep/19
Euro Area 45.70 Sep/19
France 50.10 Sep/19
Germany 41.70 Sep/19
India 51.40 Sep/19
Indonesia 49.10 Sep/19
Italy 47.80 Sep/19
Japan 48.90 Sep/19
Mexico 49.10 Sep/19
Netherlands 51.60 Sep/19
Russia 46.30 Sep/19
Saudi Arabia 57.30 Sep/19
Singapore 49.50 Sep/19
South Africa 41.60 Sep/19
South Korea 48.00 Sep/19
Spain 47.70 Sep/19
Switzerland 44.60 Sep/19
Turkey 50.00 Sep/19
United Kingdom 48.30 Sep/19
United States 51.10 Sep/19


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