The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 48.4 in October of 2023, the lowest reading since December last year, from 49.6 in September, as firms faced challenges in securing new business and, in response, scaled back output and purchasing activity. Manufacturers signaled widespread demand weakness, both domestically and internationally, leading to a moderation in total new orders and new export business over the month. On the price front, inflationary pressures continued to wane and rates of increase in input costs and output prices each eased for the third consecutive month. However, it was noted that where prices did rise, it was often linked to currency weakness. Regarding employment, October data indicated a resumption of job cuts, ending a five-month sequence of job creation. source: S&P Global

Manufacturing PMI in Turkey decreased to 48.40 points in October from 49.60 points in September of 2023. Manufacturing PMI in Turkey averaged 50.18 points from 2011 until 2023, 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 2023.

Manufacturing PMI in Turkey decreased to 48.40 points in October from 49.60 points in September of 2023. Manufacturing PMI in Turkey is expected to be 49.60 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 52.50 points in 2024 and 53.00 points in 2025, according to our econometric models.

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Turkey Manufacturing PMI


Related Last Unit Reference
Manufacturing PMI 48.40 points Oct 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
48.40 49.60 56.90 33.40 2011 - 2023 points Monthly
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News Stream
Turkey Manufacturing PMI at 10-Month Low
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 48.4 in October of 2023, the lowest reading since December last year, from 49.6 in September, as firms faced challenges in securing new business and, in response, scaled back output and purchasing activity. Manufacturers signaled widespread demand weakness, both domestically and internationally, leading to a moderation in total new orders and new export business over the month. On the price front, inflationary pressures continued to wane and rates of increase in input costs and output prices each eased for the third consecutive month. However, it is noted that where prices did rise, it was often linked to currency weakness. Regarding employment, October data indicated a resumption of job cuts, ending a five-month sequence of job creation.
2023-11-01
Turkey Manufacturing Sector Contraction Softens in September
The Istanbul Chamber of Industry Turkey Manufacturing PMI edged up to 49.6 in September of 2023 from 49 in the previous month, signaling a slightly softer moderation in the health of the manufacturing sector. Production eased for the third consecutive month, reflecting weak market conditions and a slowdown in new orders. Both total new orders and new export business slowed further in September, but at a softer pace than in August. On the price front, input costs continued to rise sharply at the end of the third quarter amid ongoing currency weakness, while the pace of output price inflation eased significantly from the previous survey period. Regarding employment, there was a fractional increase, marking the fifth consecutive month of job creation.
2023-10-02
Turkey Manufacturing PMI at 8-Month Low
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 49 in August of 2023, the lowest reading since December last year, from 49.9 in July, as firms faced challenges in securing new business and, in response, scaled back output and purchasing activity. Inflationary pressures continued to remain high, easing only slightly from the recent peaks recorded in the previous month. Input costs surged sharply, approaching levels just marginally below the 16-month high seen in July, primarily driven by the depreciation of the Turkish lira against the US dollar and increasing labor costs. The rate of output price inflation also remained elevated. On a positive note, employment increased for the fourth consecutive month as some companies continued to report the need for additional workers.
2023-09-01