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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Turkey Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.10 49.20 points Jun 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
48.10 49.20 56.90 33.40 2011 - 2022 points Monthly
SA

News Stream
Turkey Manufacturing Sector Contracts Further
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.
2022-07-01
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