The Istanbul Chamber of Industry Manufacturing PMI for Turkey fell to 49.3 in May of 2021 from 50.4 in April and pointing to the first contraction in factory activity in a year due to the COVID-19 lockdown that was in place for much of May. Output and new orders slowed, while the rate of job creation softened to a one-year low.
There were further reports of difficulties securing raw materials, meanwhile, which contributed to sharper increases in input costs and selling prices. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.24 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 June of 2021.
Manufacturing PMI in Turkey is expected to be 54.00 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 54.00 points in 2022 and 53.40 points in 2023, according to our econometric models.