The Istanbul Chamber of Industry Turkey PMI Manufacturing Index fell to 52.8 in September 2020 from 54.3 in the previous month, still signaling a solid monthly improvement in business conditions in the sector. Output and new orders grew at softer pace, while the rate of job creation accelerated to the fastest since February 2018. This expansion in capacity, allied with slower new business growth, enabled firms to reduce backlogs of work. On the price front, input cost inflation was the highest since October 2018 and output prices rose to the greatest extent for two years, amid currency weakness. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.13 points from 2011 until 2020, 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 October of 2020.
Manufacturing PMI in Turkey is expected to be 54.70 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 54.00 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.