The Istanbul Chamber of Industry Turkey Manufacturing PMI rose to 53.9 in June of 2020 from 40.9 in the previous month. The latest reading pointed to the first expansion in the manufacturing sector since February amid an easing of restrictions related to the coronavirus disease. Output, new orders and employment were all higher in June. Meanwhile, further marked increases in both input costs and output prices were registered.
Manufacturing PMI in Turkey averaged 49.99 points from 2011 until 2020, reaching an all time high of 55.70 points in January of 2018 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 July of 2020. source: Markit Economics
Manufacturing PMI in Turkey is expected to be 48.90 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 50.50 in 12 months time. In the long-term, the Turkey Manufacturing PMI is projected to trend around 52.50 points in 2021 and 53.40 points in 2022, according to our econometric models.