The Istanbul Chamber of Industry Turkey Manufacturing PMI decreased to 50.4 in April of 2021 from 52.6 in the previous month, signalling only a marginal improvement in overall business conditions. It was the lowest reading since May, as output and new orders moderated amid a renewed wave of the Covid-19. This was in spite of a rise in new business from abroad, which increased for the fourth month running amid signs of improving demand internationally. Employment also increased for an eleventh straight month, although at the softest pace in the current sequence. On the price front, input costs rose sharply, due to the Turkish lira's weakness and higher raw material prices, often linked to supply shortages. As a result, output increased sharply, and at a much faster pace than the series average. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.25 points from 2011 until 2021, 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 May of 2021.
Manufacturing PMI in Turkey is expected to be 54.00 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 53.60 in 12 months time. In the long-term, the Turkey Manufacturing PMI is projected to trend around 54.00 points in 2022 and 53.40 points in 2023, according to our econometric models.