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.