The Istanbul Chamber of Industry Turkey Manufacturing PMI slipped to 33.4 in April of 2020 from 48.1 in March, pointing to the strongest contraction in factory activity since the global financial crisis in 2008 caused by the Covid-19 pandemic and measures introduced to prevent its spread. Output and new orders fell at unprecedented rates amid company shutdowns, while firms scaled back employment and purchasing activity in response. In terms of prices, the rates of inflation eased from those seen in March, despite currency weakness being cited as the main factor leading input prices to rise.

Manufacturing PMI in Turkey averaged 50.05 points from 2011 until 2020, reaching an all time high of 55.70 points in January of 2018 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 May of 2020. source: Markit Economics

Manufacturing PMI in Turkey is expected to be 42.00 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 50.50 in 12 months time. In the long-term, the Turkey Manufacturing PMI is projected to trend around 52.50 points in 2021 and 53.40 points in 2022, according to our econometric models.

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Turkey Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
33.40 48.10 55.70 33.40 2011 - 2020 points Monthly
SA


News Stream
Turkish Factory Activity Shrinks the Most since 2008
The Istanbul Chamber of Industry Turkey Manufacturing PMI slipped to 33.4 in April of 2020 from 48.1 in March, pointing to the strongest contraction in factory activity since the global financial crisis in 2008 caused by the Covid-19 pandemic and measures introduced to prevent its spread. Output and new orders fell at unprecedented rates amid company shutdowns, while firms scaled back employment and purchasing activity in response. In terms of prices, the rates of inflation eased from those seen in March, despite currency weakness being cited as the main factor leading input prices to rise.
2020-05-04
Turkey Factory Activity Shrinks in March
The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 48.1 in March of 2020 from 52.4 in February, pointing to the biggest contraction in factory activity in seven months. Difficulties in the sector were overwhelmingly attributed to COVID-19, which resulted in moderations of both output and new orders. Production softened for the first time in five months, while the easing in new business ended a two-month sequence of expansion. New export orders also softened to a large extent; input cost inflation remained marked due to currency weakness and supply shortages and output cost was also increased. On the other hand, employment rose for the third month running, in some cases due to improving new order inflows in previous month.
2020-04-01
Turkish Manufacturing PMI Rises to 2-Year High
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index increased to 52.4 in February 2020 from 51.3 in the previous month, pointing to the second straight month of expansion in the sector and the fastest since February 2018. Output growth was the fastest in almost two years and new orders increased further. In addition, employment rose for the second straight month and at the strongest rate since February 2018. On the price front, input cost inflation accelerated to an eight-month high due to ongoing currency weakness, while selling prices rose to the fastest since June last year.
2020-03-02
Turkish Manufacturing Sector Returns to Growth
The Istanbul Chamber of Industry Turkey PMI Manufacturing Index increased to 51.3 in January 2020 from 49.5 in the previous month, pointing to the first month of expansion in the sector since March 2018. Output growth was the fastest in just under two years and new orders increased by the most since March 2018, boosted by a rebound in exports. In addition, employment rose for the first time in three months and purchasing activity went up at the quickest rate since February 2018. On the price front, input cost inflation accelerated to a six-month high due to ongoing currency weakness, while selling prices rose at a modest pace, albeit one that wast the fastest since June last year.
2020-02-03

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.