The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 52.5 in September 2021, from 54.1 in the previous month, pointing to slower growth in the sector at the end of the quarter. Output and new orders expanded for a fourth straight month, but at softer rates, while efforts to expand capacity led firms to increase their staffing levels again. Despite this, backlogs of work increased for the first time since July 2020. On the price front, input costs continued to rise sharply, amid currency weakness, higher raw material prices and supply shortages. In turn, manufacturers continued to raise their own selling prices rapidly. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.34 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 October of 2021.
Manufacturing PMI in Turkey is expected to be 54.40 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.