The Istanbul Chamber of Industry Turkey Manufacturing PMI edged up to 54.1 in August of 2021 from 54 in July, pointing to the strongest factory growth in 5 months. The reading also signalled that the rebound following the loosening of COVID-19 restrictions continued in August with further solid improvements in output and new orders recorded. New export business increased particularly quickly. In order to keep on top of workloads, firms expanded their purchasing activity and employment. Supply-chain disruption continued, however, contributing to further rises in input costs and selling prices. "Firms will be hoping that some of these constraints start to ease over the course of the rest of the year so that their full growth potential can be realised”, Andrew Harker, Economics Director at IHS Markit, said. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.32 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 September of 2021.
Manufacturing PMI in Turkey is expected to be 54.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.