The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 48.1 in December of 2022, the highest reading since June, from 45.7 in November, but still pointing to another month of contraction in factory activity. There were softer moderations in output and new orders, while employment increased at the fastest pace since February 2022. On the price front, the rate of input cost inflation remained relatively muted in December, while output prices rose at the same pace as in the previous survey period, with the rate of inflation much softer than seen earlier in the year. Meanwhile, suppliers' delivery times shortened as in November, due to weak demand for inputs and reduced disruption in ports. Also, the signals of improvement in output and new orders encouraged manufacturers to increase number of staff in December, and the fastest employment growth was observed since February 2022. source: Markit Economics

Manufacturing PMI in Turkey averaged 50.18 points from 2011 until 2022, 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 January of 2023.

Manufacturing PMI in Turkey is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Turkey Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.10 45.70 points Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
48.10 45.70 56.90 33.40 2011 - 2022 points Monthly
SA

News Stream
Turkey Manufacturing PMI Highest in 6 Months
The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 48.1 in December of 2022, the highest reading since June, from 45.7 in November, but still pointing to another month of contraction in factory activity. There were softer moderations in output and new orders, while employment increased at the fastest pace since February 2022. On the price front, the rate of input cost inflation remained relatively muted in December, while output prices rose at the same pace as in the previous survey period, with the rate of inflation much softer than seen earlier in the year. Meanwhile, suppliers' delivery times shortened as in November, due to weak demand for inputs and reduced disruption in ports. Also, the signals of improvement in output and new orders encouraged manufacturers to increase number of staff in December, and the fastest employment growth was observed since February 2022.
2023-01-02
Turkey Manufacturing Sector Contracts for 9th Month
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 45.7 in November of 2022, the lowest since May 2020, from 46.4 in October. It points to the ninth consecutive month of decline in factory activity, due to demand weakness both from domestic and export markets. Consequently, total new orders and new business from abroad slowed to the greatest extent in two and a half years. With regards to new export orders, the US and Europe were highlighted as sources of demand weakness. Meanwhile, a sharp easing of input cost inflation was registered in November, with the latest rise in input prices the softest in three years. In line with the trend in input costs, the pace of output price inflation also softened in November. On the other hand, after two months of decline, employment rose again in November albeit it quite limited.
2022-12-01
Turkey Factory Activity Lowest Since May 2020
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 46.4 in October of 2022, the lowest since May 2020, from 46.9 in September. It points to the eighth consecutive month of decline in factory activity, due to further softening of demand amid challenging market conditions. New orders and production both slowed, while firms scaled back their purchasing activity and employment accordingly. Meanwhile, suppliers' delivery times shortened amid a lack of demand for inputs. Additionally, both input and output costs slowed.
2022-11-01