The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 46.9 in July of 2022 from 48.1 in the prior month, pointing to the fifth consecutive month of contraction in Turkey’s factory activity and the sharpest since May 2020. A decline in consumer demand pressured output and new orders to decline the most since the start of the pandemic, despite the broad stagnation for export demand. Still, employment levels were seen higher as selected firms attempted to increase capacity. At the same time, cost inflation continued to rise as the prolonged weakening of the lira hurt manufacturer’s power to import inputs, while output price inflation slowed for the fourth consecutive month. source: Markit Economics

Manufacturing PMI in Turkey averaged 50.30 points from 2011 until 2022, 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 August of 2022.

Manufacturing PMI in Turkey is expected to be 50.60 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 54.60 points in 2023 and 53.40 points in 2024, according to our econometric models.

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Turkey Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 46.90 48.10 points Jul 2022

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
46.90 48.10 56.90 33.40 2011 - 2022 points Monthly
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News Stream
Turkey Manufacturing Sector Contracts for 5th Month
The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 46.9 in July of 2022 from 48.1 in the prior month, pointing to the fifth consecutive month of contraction in Turkey’s factory activity and the sharpest since May 2020. A decline in consumer demand pressured output and new orders to decline the most since the start of the pandemic, despite the broad stagnation for export demand. Still, employment levels were seen higher as selected firms attempted to increase capacity. At the same time, cost inflation continued to rise as the prolonged weakening of the lira hurt manufacturer’s power to import inputs, while output price inflation slowed for the fourth consecutive month.
2022-08-01
Turkey Manufacturing Sector Contracts Further
The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 48.1 in June of 2022 from 49.2 in the prior month, pointing to the fourth consecutive month of contraction in Turkey’s factory activity. A decline in consumer demand pressured output and new orders to decline at a faster pace in June. At the same time, employment levels enjoyed a marginal increase. Meanwhile, inflationary pressures continued to hamper manufacturers, driven by rising energy and materials costs and a plunging lira. Consequently, output prices were also seen higher.
2022-07-01
Turkey Manufacturing Sector Contracts Further
The Istanbul Chamber of Industry Turkey Manufacturing PMI was unchanged from the previous month at 49.2 in May of 2022, signaling a third consecutive month of contraction in Turkey’s factory activity. Both output and new orders were seen lower in May, largely due to low customer demand. At the same time, export orders slowed at the sharpest pace in two years, despite a plunging lira, with manufacturers citing the economic slowdown in Europe as the main reason. Still, firms continued to raise staff levels, pointing to the 24th consecutive month of employment growth. On the price front, inflationary pressures remained intense amid rising costs for raw materials and lower purchasing power from the national currency, despite the easing of supply-chain disruptions.
2022-06-01