The Istanbul Chamber of Industry Turkey PMI Manufacturing Index increased to 51.3 in January 2020 from 49.5 in the previous month, pointing to the first month of expansion in the sector since March 2018. Output growth was the fastest in just under two years and new orders increased by the most since March 2018, boosted by a rebound in exports. In addition, employment rose for the first time in three months and purchasing activity went up at the quickest rate since February 2018. On the price front, input cost inflation accelerated to a six-month high due to ongoing currency weakness, while selling prices rose at a modest pace, albeit one that wast the fastest since June last year.

Manufacturing PMI in Turkey averaged 50.21 points from 2011 until 2020, reaching an all time high of 55.70 points in January of 2018 and a record low of 42.70 points in September of 2018. 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. source: Markit Economics

Manufacturing PMI in Turkey is expected to be 50.70 points 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 53.40 points in 2021, according to our econometric models.


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Turkey Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
51.30 49.50 55.70 42.70 2011 - 2020 points Monthly
SA


News Stream
Turkish Manufacturing Sector Returns to Growth
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index increased to 51.3 in January 2020 from 49.5 in the previous month, pointing to the first month of expansion in the sector since March 2018. Output growth was the fastest in just under two years and new orders increased by the most since March 2018, boosted by a rebound in exports. In addition, employment rose for the first time in three months and purchasing activity went up at the quickest rate since February 2018. On the price front, input cost inflation accelerated to a six-month high due to ongoing currency weakness, while selling prices rose at a modest pace, albeit one that wast the fastest since June last year.
2020-02-03
Turkish Manufacturing PMI Steady in December
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index was unchanged at 49.5 in December 2019, signaling a slight moderation in business conditions. Output grew for the second month in a row amid signs of improvement in new orders, with firms expanding their purchasing activity in response. New orders and new export sales continued to ease, and employment fell for the second straight month, due to a further reduction in outstanding business. On the price front, input cost inflation quickened from November's five-year low, while selling prices rose for first time in three months.
2020-01-02
Turkish Manufacturing Shrinks at Softer Pace
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index rose to 49.5 in November 2019 from 49.0 in the previous month, as output grew for the first time in over a year-and-a-half due to improving market conditions. Meanwhile, both new orders and new export business fell at softer rates. At the same time, purchasing activity stabilized, ending a 19-month sequence of moderation; while firms scaled back their workforce numbers following expansions in each of the previous two months. On the price front, input cost inflation slowed to the weakest since January 2015 on the back of lower raw material costs, while manufacturers lowered their output prices for the third month running, with the pace of reduction broadly similar to that seen in October.
2019-12-02
Turkish Manufacturing Returns to Contraction in October
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index fell to 49.0 in October 2019 from 50.0 in the previous month, pointing to a slight moderation of the health of the sector after stabilization in the previous month. New orders softened, reversing the growth seen in the prior month, as demand weakened in both domestic and export markets. At the same time, backlogs of work continued to moderate, albeit to the least extent for 20 months. In addition, purchasing activity, stocks of purchases and finished goods inventories were all scaled back during the month. Meanwhile, employment rose for the second straight month, the first time that back-to-back rises in workforce numbers have been recorded since early 2018. On the price front, input cost continued to increase on the back of currency weakness and higher electricity prices, and output charges posted the second straight month decline.
2019-11-01

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.