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.

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Turkey Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.30 50.40 56.90 33.40 2011 - 2021 points Monthly
SA


News Stream
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 at Near 1-Year Low
The Istanbul Chamber of Industry Turkey Manufacturing PMI decreased to 50.4 in April of 2021 from 52.6 in the previous month, signalling only a marginal improvement in overall business conditions. It was the lowest reading since May, as output and new orders moderated amid a renewed wave of the Covid-19. This was in spite of a rise in new business from abroad, which increased for the fourth month running amid signs of improving demand internationally. Employment also increased for an eleventh straight month, although at the softest pace in the current sequence. On the price front, input costs rose sharply, due to the Turkish lira's weakness and higher raw material prices, often linked to supply shortages. As a result, output increased sharply, and at a much faster pace than the series average.
2021-05-03
Turkey Manufacturing PMI Rises in March
The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 52.6 in March of 2021 from 51.7 in February. The reading signalled sustained growth of output and employment in the manufacturing sector as new orders returned to gains. Limiting the generally positive picture were continued issues obtaining raw materials, while rates of both input cost and output price inflation reaccelerated.
2021-04-01
Turkey Manufacturing PMI Falls in February
The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 51.7 in February of 2021 from a 6-month high of 54.4 in January, mainly due to a moderation of new orders amid the ongoing impact of the coronavirus pandemic. However, new export orders increased for the second month running and some signs of improvements in demand led manufacturers to expand production in spite of a slowdown in new business and issues with the supply of raw materials. Also, continued production growth enabled firms to lower their backlogs of work to the greatest extent since last September and job creation extended for the 9th month. An appreciation of the Turkish lira in recent months led to waning inflationary pressures. Input costs continued to rise, but at the slowest pace since July 2020 and output price inflation also softened to a ten-month low.
2021-03-01

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.