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.

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Turkey Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.90 40.90 55.70 33.40 2011 - 2020 points Monthly
SA


News Stream
Turkish Manufacturing Sector Returns to Growth
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.
2020-07-01
Turkish Factory Activity Remains Weak in May
The Istanbul Chamber of Industry Turkey Manufacturing PMI rose to 40.9 in May 2020 from an all-time low of 33.4 in the previous month. The latest reading pointed to the second steepest contraction in factory activity on record, amid the coronavirus crisis. Output and new orders slowed sharply, albeit to lesser extents than in April as some firms resumed operations. The job shedding rate rose at a softer pace while suppliers’ delivery times lengthened again due to difficulty to receive items from abroad. On the price front, input price inflation increased to a one-year high and output cost inflation rose at a quicker pace than the series average due to the weakness of the lira.
2020-06-01
Turkish Factory Activity Shrinks the Most since 2008
The Istanbul Chamber of Industry Turkey Manufacturing PMI slipped to 33.4 in April of 2020 from 48.1 in March, pointing to the strongest contraction in factory activity since the global financial crisis in 2008 caused by the Covid-19 pandemic and measures introduced to prevent its spread. Output and new orders fell at unprecedented rates amid company shutdowns, while firms scaled back employment and purchasing activity in response. In terms of prices, the rates of inflation eased from those seen in March, despite currency weakness being cited as the main factor leading input prices to rise.
2020-05-04
Turkey Factory Activity Shrinks in March
The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 48.1 in March of 2020 from 52.4 in February, pointing to the biggest contraction in factory activity in seven months. Difficulties in the sector were overwhelmingly attributed to COVID-19, which resulted in moderations of both output and new orders. Production softened for the first time in five months, while the easing in new business ended a two-month sequence of expansion. New export orders also softened to a large extent; input cost inflation remained marked due to currency weakness and supply shortages and output cost was also increased. On the other hand, employment rose for the third month running, in some cases due to improving new order inflows in previous month.
2020-04-01

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.