The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 54.4 in January of 2021 from 50.8 in December 2020, pointing to the strongest growth in manufacturing activity since last July, as output, new orders and exports all returned to growth, while the rate of job creation quickened to the fastest since December 2017, amid reducing COVID-19 case numbers. On the price front, input prices inflation eased to a six-month low, due to a rise in prices of raw materials, amid relatively stable exchange rates. Meanwhile, output charge inflation slowed. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.22 points from 2011 until 2021, reaching an all time high of 56.90 points in July of 2020 and a record low of 33.40 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Manufacturing PMI in Turkey is expected to be 52.30 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 52.50 in 12 months time. In the long-term, the Turkey Manufacturing PMI is projected to trend around 52.50 points in 2022 and 53.40 points in 2023, according to our econometric models.