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.