The Istanbul Chamber of Industry Turkey PMI Manufacturing Index dropped to 46.7 in July 2019 from 47.9 in the previous month, pointing to a steeper contraction in the manufacturing sector. Total new orders continued to fall amid challenging market conditions, particularly domestically while export order flows were unchanged. Production requirements continued to be reduced, however, leading both employment and purchasing activity to be scaled back. Slower input buying and sufficient stock holdings at suppliers contributed to the first improvement in delivery times for 27 months. On the price front, inflationary pressures showed signs of waning in July. Manufacturing PMI in Turkey is reported by Markit Economics.

Manufacturing PMI in Turkey is expected to be 48.90 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 55.00 in 2020, according to our econometric models.

Turkey Manufacturing PMI
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Turkey Business Last Previous Highest Lowest Unit
Business Confidence 98.30 102.50 123.30 52.60 Index Points [+]
Manufacturing PMI 46.70 47.90 55.70 42.70 [+]
Industrial Production -3.90 -1.30 27.30 -21.20 percent [+]
Industrial Production Mom -3.71 1.20 16.70 -13.40 percent [+]
Manufacturing Production -4.60 -1.80 31.00 -24.50 percent [+]
Capacity Utilization 76.20 77.10 82.00 58.70 percent [+]
Changes in Inventories -27915235.80 -40444799.00 27201230.50 -40444799.00 TRY THO [+]
Bankruptcies 756.00 946.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 17927.00 42688.00 156173.00 1764.00 [+]
Car Production 109116.00 136517.00 163459.00 1421.00 Units [+]
Car Registrations 41915.00 57757.00 157531.00 5921.00 [+]
Leading Economic Index 2.43 1.73 12.75 -7.01 percent [+]
Internet Speed 7557.69 7551.73 7560.46 1008.59 KBps [+]
IP Addresses 8079762.00 7904681.00 9682770.00 2632946.00 IP [+]
Steel Production 2697.69 3063.37 3368.15 152.00 Thousand Tonnes [+]
Mining Production 4.80 -2.30 39.90 -27.70 percent [+]
Competitiveness Index 61.60 61.42 61.60 4.13 Points [+]
Competitiveness Rank 61.00 58.00 63.00 43.00 [+]
Ease of Doing Business 43.00 60.00 73.00 43.00 [+]
Electricity Production 24040.00 24791.00 29183.00 14829.00 Gigawatt-hour [+]
Corruption Index 41.00 40.00 50.00 31.00 Points [+]
Corruption Rank 78.00 81.00 81.00 29.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
46.70 47.90 55.70 42.70 2011 - 2019 Monthly
SA




Country Last Previous
Australia 51.30 Jul/19
Brazil 49.90 Jul/19
Canada 50.20 Jul/19
China 49.90 Jul/19
Euro Area 46.50 Jul/19
France 49.70 Jul/19
Germany 43.20 Jul/19
India 52.50 Jul/19
Indonesia 49.60 Jul/19
Italy 48.50 Jul/19
Japan 49.40 Jul/19
Mexico 49.80 Jul/19
Netherlands 50.70 Jul/19
Russia 49.30 Jul/19
Saudi Arabia 56.60 Jul/19
Singapore 49.80 Jul/19
South Africa 52.10 Jul/19
South Korea 47.30 Jul/19
Spain 48.20 Jul/19
Switzerland 44.70 Jul/19
Turkey 46.70 Jul/19
United Kingdom 48.00 Jul/19
United States 50.40 Jul/19


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