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. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.33 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 July 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.