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. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.18 points from 2011 until 2020, 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 January of 2021.
Manufacturing PMI in Turkey is expected to be 52.30 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 52.50 in 12 months time. In the long-term, the Turkey Manufacturing PMI is projected to trend around 52.50 points in 2022 and 53.40 points in 2023, according to our econometric models.