The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 53.9 in October of 2020 from 52.8 in September, suggesting factory activity expanded at a strong pace for the 5th month after a big plunge in May due to the coronavirus crisis. Output growth ticked higher, with production supported by the fastest rise in employment since February 2018. Customer demand continued to recover, with new orders rising for the fifth month running. New export orders also expanded. Weakness of the Turkish lira again led to sharp rises in both input costs and output prices in October. Input costs increased at the fastest pace for two years, while charges were raised to the greatest extent in 25 months. source: Markit Economics

Manufacturing PMI in Turkey averaged 50.16 points from 2011 until 2020, 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 November of 2020.

Manufacturing PMI in Turkey is expected to be 49.50 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 52.50 points in 2021 and 53.40 points in 2022, according to our econometric models.

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Turkey Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
53.90 52.80 56.90 33.40 2011 - 2020 points Monthly
SA


News Stream
Turkey Manufacturing Activity Rises for 5th Month
The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 53.9 in October of 2020 from 52.8 in September, suggesting factory activity expanded at a strong pace for the 5th month after a big plunge in May due to the coronavirus crisis. Output growth ticked higher, with production supported by the fastest rise in employment since February 2018. Customer demand continued to recover, with new orders rising for the fifth month running. New export orders also expanded. Weakness of the Turkish lira again led to sharp rises in both input costs and output prices in October. Input costs increased at the fastest pace for two years, while charges were raised to the greatest extent in 25 months.
2020-11-02
Turkish Factory Activity Expands at Softer Pace in September
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index fell to 52.8 in September 2020 from 54.3 in the previous month, still signaling a solid monthly improvement in business conditions in the sector. Output and new orders grew at softer pace, while the rate of job creation accelerated to the fastest since February 2018. This expansion in capacity, allied with slower new business growth, enabled firms to reduce backlogs of work. On the price front, input cost inflation was the highest since October 2018 and output prices rose to the greatest extent for two years, amid currency weakness.
2020-10-01
Turkey Factory Activity Rises for 3rd Month
The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 54.3 in August of 2020 from 56.9 in July which was the highest reading since February of 2011. Still, the reading points to the third consecutive month of rising manufacturing, suggesting that the recovery in the factory sector was sustained. Customer demand continued to improve, supporting further marked increases in output and new orders. In turn, firms expanded their purchasing activity and employment. Meanwhile, a depreciation of the Turkish lira against the US dollar led to accelerating inflation of both input costs and output prices.
2020-09-01
Turkey Factory Activity Growth at Over 9-Year High
The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 56.9 in July 2020 from 53.9 in the previous month. The reading pointed to the second consecutive expansion in factory activity and the sharpest since February 2011, as several businesses continued to resume operations following lockdowns due to the coronavirus pandemic. Output growth accelerated to an over eleven-year high and new orders rose for the second successive month and at the fastest pace on record. Both, export sales and the job creation rate also advanced. On the price front, input price inflation slowed while output cost inflation quickened as improving demand enabled firms to pass on higher input costs to customers.
2020-08-04

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.