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.

Manufacturing PMI in Turkey averaged 50.10 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 September of 2020. source: Markit Economics

Manufacturing PMI in Turkey is expected to be 54.70 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 54.00 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
54.30 56.90 56.90 33.40 2011 - 2020 points Monthly
SA


News Stream
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
Turkish Manufacturing Sector Returns to Growth
The Istanbul Chamber of Industry Turkey Manufacturing PMI rose to 53.9 in June of 2020 from 40.9 in the previous month. The latest reading pointed to the first expansion in the manufacturing sector since February amid an easing of restrictions related to the coronavirus disease. Output, new orders and employment were all higher in June. Meanwhile, further marked increases in both input costs and output prices were registered.
2020-07-01
Turkish Factory Activity Remains Weak in May
The Istanbul Chamber of Industry Turkey Manufacturing PMI rose to 40.9 in May 2020 from an all-time low of 33.4 in the previous month. The latest reading pointed to the second steepest contraction in factory activity on record, amid the coronavirus crisis. Output and new orders slowed sharply, albeit to lesser extents than in April as some firms resumed operations. The job shedding rate rose at a softer pace while suppliers’ delivery times lengthened again due to difficulty to receive items from abroad. On the price front, input price inflation increased to a one-year high and output cost inflation rose at a quicker pace than the series average due to the weakness of the lira.
2020-06-01

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.