The Istanbul Chamber of Industry Turkey Manufacturing PMI edged up to 54.1 in August of 2021 from 54 in July, pointing to the strongest factory growth in 5 months. The reading also signalled that the rebound following the loosening of COVID-19 restrictions continued in August with further solid improvements in output and new orders recorded. New export business increased particularly quickly. In order to keep on top of workloads, firms expanded their purchasing activity and employment. Supply-chain disruption continued, however, contributing to further rises in input costs and selling prices. "Firms will be hoping that some of these constraints start to ease over the course of the rest of the year so that their full growth potential can be realised”, Andrew Harker, Economics Director at IHS Markit, said. source: Markit Economics

Manufacturing PMI in Turkey averaged 50.32 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 September of 2021.

Manufacturing PMI in Turkey is expected to be 53.60 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 54.00 points in 2022 and 53.40 points in 2023, according to our econometric models.

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Turkey Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
54.10 54.00 56.90 33.40 2011 - 2021 points Monthly
SA


News Stream
Turkey Factory Growth at 5-Month High
The Istanbul Chamber of Industry Turkey Manufacturing PMI edged up to 54.1 in August of 2021 from 54 in July, pointing to the strongest factory growth in 5 months. The reading also signalled that the rebound following the loosening of COVID-19 restrictions continued in August with further solid improvements in output and new orders recorded. New export business increased particularly quickly. In order to keep on top of workloads, firms expanded their purchasing activity and employment. Supply-chain disruption continued, however, contributing to further rises in input costs and selling prices. "Firms will be hoping that some of these constraints start to ease over the course of the rest of the year so that their full growth potential can be realised”, Andrew Harker, Economics Director at IHS Markit, said.
2021-09-01
Turkey Manufacturing PMI at 6-Month High
The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 54 in July of 2021 from 51.3 in June, pointing to the strongest increase in factory activity in 6 months as the loosening of COVID-19 restrictions lead to an improvement in customer demand. Stronger expansions in output and new orders were signalled, while faster increases in employment and purchasing activity were also recorded. The rate of input cost inflation accelerated for the third month running, and was substantial. Respondents linked higher input prices to currency weakness and increases in raw material costs. In turn, firms raised their own selling prices at a marked pace that was stronger than the series average, albeit softer than in the previous month.
2021-08-02
Turkey Manufacturing Returns to Growth
The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 51.3 in June of 2021 from 49.3 in May, signalling that the Turkish manufacturing sector returned to growth during June following the loosening of COVID-19 restrictions. Renewed increases in output and new orders were recorded, while the rate of job creation quickened. Rates of inflation of both input costs and output prices accelerated, with charges increasing at the fastest pace since September 2018. “There were some suggestions that growth could have been even stronger were it not for the ongoing difficulties in sourcing raw materials, with firms struggling to build input inventories and having to dip into stocks of finished goods to help fulfil new orders”, Andrew Harker, Economics Director at IHS Markit, said.
2021-07-01
Turkey Factory Activity Shrinks for 1st Time in a Year
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.
2021-06-01

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.