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. source: Markit Economics

Manufacturing PMI in Turkey averaged 50.35 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 June of 2022.

Manufacturing PMI in Turkey is expected to be 49.00 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 49.20 49.20 points May 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
49.20 49.20 56.90 33.40 2011 - 2022 points Monthly
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News Stream
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
Turkey Manufacturing PMI at 2-Year Low
The Istanbul Chamber of Industry Turkey Manufacturing PMI edged down to 49.2 in April of 2022 from 49.4 in March, signaling a further contraction in factory activity. It was the lowest PMI reading since May of 2020, as responses pointed to subdued demand price pressures and the war in Ukraine as the main factors behind another slowdown in production and new orders, with export order growth also faltering. Although cost pressures remained intense due to weakness in the lira, the rate of growth in input prices moderated for the fourth month running, while output charges were raised significantly. On the upside, employment rose for the 23rd month in a row and at a faster rate than March.
2022-05-05
Turkey Manufacturing PMI Falls Below 50
The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 49.4 in March of 2022 from 50.4 in February, pointing to the first contraction in factory activity since May. It also signalled ongoing slowdowns in output and new orders amid a range of headwinds including fragile demand, price rises and the impact of the war in Ukraine. Supply chains also remained stretched at the end of the first quarter. Although both new export orders and employment continued to increase, the respective rates of expansion slowed and were only marginal. Also, currency weakness and the war in Ukraine contributed to higher raw material prices in March. The rate of input cost inflation remained elevated, but eased to a five-month low. A number of firms pointed to higher oil prices.
2022-04-01