The Istanbul Chamber of Industry Turkey Manufacturing PMI increased to 51.3 in June of 2021 from 49.3 in May, signalling that the Turkish manufacturing sector returned to growth during June following the loosening of COVID-19 restrictions. Renewed increases in output and new orders were recorded, while the rate of job creation quickened. Rates of inflation of both input costs and output prices accelerated, with charges increasing at the fastest pace since September 2018. “There were some suggestions that growth could have been even stronger were it not for the ongoing difficulties in sourcing raw materials, with firms struggling to build input inventories and having to dip into stocks of finished goods to help fulfil new orders”, Andrew Harker, Economics Director at IHS Markit, said. 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 July of 2021.
Manufacturing PMI in Turkey is expected to be 53.60 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 54.10 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.