The Istanbul Chamber of Industry Turkey PMI Manufacturing Index rose to 48.0 in August 2019 from 46.7 in the previous month, pointing to the weakest pace of contraction in the manufacturing sector since July 2018. New orders fell the least in the current 17-month sequence of moderation, amid some panel reports of improving customer demand; while employment levels were broadly stable, following 12 months of declines. Also, purchasing activity and inventories of both pre- and post-production items were scaled back, but to lesser extents than in July. On the price front, both input costs and output prices rose at weaker rates in August. 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 102.50 98.30 123.30 52.60 Index Points [+]
Manufacturing PMI 48.00 46.70 55.70 42.70 [+]
Industrial Production -1.20 -3.70 27.30 -21.20 percent [+]
Industrial Production Mom 4.30 -3.50 16.70 -13.40 percent [+]
Manufacturing Production -1.30 -4.40 31.00 -24.50 percent [+]
Capacity Utilization 76.60 76.20 82.00 58.70 percent [+]
Changes in Inventories -4600588.80 -15661233.00 27201230.50 -40444799.00 TRY THO [+]
Bankruptcies 1011.00 1213.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 26246.00 17927.00 156173.00 1764.00 [+]
Car Production 52242.00 133883.00 163459.00 1421.00 Units [+]
Car Registrations 67621.00 41915.00 157531.00 5921.00 [+]
Leading Economic Index 3.88 2.19 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 2925.04 2697.69 3368.15 152.00 Thousand Tonnes [+]
Mining Production 7.80 5.40 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 28532.00 24040.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.00 46.70 55.70 42.70 2011 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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