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. source: Markit Economics

Manufacturing PMI in Turkey averaged 50.25 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 April 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
52.60 51.70 56.90 33.40 2011 - 2021 points Monthly
SA


News Stream
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
Turkish Manufacturing PMI Rises to 6-Month High
The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 54.4 in January of 2021 from 50.8 in December 2020, pointing to the strongest growth in manufacturing activity since last July, as output, new orders and exports all returned to growth, while the rate of job creation quickened to the fastest since December 2017, amid reducing COVID-19 case numbers. On the price front, input prices inflation eased to a six-month low, due to a rise in prices of raw materials, amid relatively stable exchange rates. Meanwhile, output charge inflation slowed.
2021-02-01
Turkey Factory Growth Slows Due to 2nd Wave of Covid-19
The Istanbul Chamber of Industry Turkey Manufacturing PMI edged down to 50.8 in December of 2020 from 51.4 in November, pointing to the slowest growth in manufacturing activity since May, due to the second wave of the coronavirus pandemic and restrictions to prevent its spread. Output and new orders eased although firms continued to expand employment and also raised purchasing activity. Meanwhile, manufacturers experienced difficulties securing raw materials, with suppliers’ delivery times lengthening to the second-largest degree on record. This was a factor in input costs rising at the fastest pace since September 2018.
2021-01-04

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.