The Istanbul Chamber of Industry Turkey Manufacturing PMI fell to 46.9 in July of 2022 from 48.1 in the prior month, pointing to the fifth consecutive month of contraction in Turkey’s factory activity and the sharpest since May 2020. A decline in consumer demand pressured output and new orders to decline the most since the start of the pandemic, despite the broad stagnation for export demand. Still, employment levels were seen higher as selected firms attempted to increase capacity. At the same time, cost inflation continued to rise as the prolonged weakening of the lira hurt manufacturer’s power to import inputs, while output price inflation slowed for the fourth consecutive month. source: Markit Economics
Manufacturing PMI in Turkey averaged 50.30 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 August 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.