The Istanbul Chamber of Industry Turkey PMI Manufacturing Index was unchanged at 49.5 in December 2019, signaling a slight moderation in business conditions. Output grew for the second month in a row amid signs of improvement in new orders, with firms expanding their purchasing activity in response. New orders and new export sales continued to ease, and employment fell for the second straight month, due to a further reduction in outstanding business. On the price front, input cost inflation quickened from November's five-year low, while selling prices rose for first time in three months.
Manufacturing PMI in Turkey averaged 50.21 from 2011 until 2019, reaching an all time high of 55.70 in January of 2018 and a record low of 42.70 in September of 2018. 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. source: Markit Economics
Manufacturing PMI in Turkey is expected to be 49.50 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 52.00 in 12 months time. In the long-term, the Turkey Manufacturing PMI is projected to trend around 53.40 points in 2020, according to our econometric models.