The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 49.9 in July of 2023, the lowest reading since December last year, from 51.5 in June, as recent sequences of expansion in output and new orders came to an end amid strengthening inflationary pressures. The rate of input cost inflation surged significantly for the second consecutive month, reaching its highest level since March 2022, attributed to currency depreciation and increased wages. As a result, manufacturers raised output prices as well, with inflation reaching a 16-month peak. Regarding employment level, it saw growth for the third consecutive month as companies sought to expand their capacity, although the pace of job creation remained modest. source: Markit Economics

Manufacturing PMI in Turkey averaged 50.21 points from 2011 until 2023, 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 2023.

Manufacturing PMI in Turkey is expected to be 50.10 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 55.10 points in 2024 and 54.00 points in 2025, according to our econometric models.

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Turkey Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.90 51.50 points Jul 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
49.90 51.50 56.90 33.40 2011 - 2023 points Monthly
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News Stream
Turkey Manufacturing PMI Lowest in 7 Months
The Istanbul Chamber of Industry Türkiye Manufacturing PMI fell to 49.9 in July of 2023, the lowest reading since December last year, from 51.5 in June, as recent sequences of expansion in output and new orders came to an end amid strengthening inflationary pressures. The rate of input cost inflation surged significantly for the second consecutive month, reaching its highest level since March 2022, attributed to currency depreciation and increased wages. As a result, manufacturers raised output prices as well, with inflation reaching a 16-month peak. Regarding employment level, it saw growth for the third consecutive month as companies sought to expand their capacity, although the pace of job creation remained modest.
2023-08-01
Turkish Manufacturing PMI Steady in June
The Istanbul Chamber of Industry Turkey Manufacturing PMI stood at 51.5 for the third month running in June of 2023, signalling a further modest improvement in business conditions in the manufacturing sector, as output was up for a fourth consecutive month, with the rate of growth the fastest since July 2021. Alongside improvements in demand, latest rise in production attributed to an ongoing recovery from the earthquake and a pick-up in activity following the election period. Also, job creation surged for a second consecutive month in response to greater production requirements. On the price front, exchange rate fluctuations contributed to reaccelerations in both input cost and output price inflation in June after sustained slowdowns in previous months.
2023-07-03
Turkish Manufacturing PMI Steady in May
The Istanbul Chamber of Industry Turkey Manufacturing PMI was unchanged from the previous month at 51.5 in May of 2023. This marks the fifth consecutive month to signal a further improvement in business conditions in the manufacturing sector, as output and new orders continued to expand. Manufacturers increased their production volumes for the third successive month but some firms reported that they were just resuming operations following February's earthquake. Meantime, employment levels surged for first time in three months, mainly due to higher new orders. Although input costs continued to rise, often reflecting currency weakness, a further easing of inflationary pressures in the sector was observed during the month and the pace of increase in selling prices softened for the fourth month, with the weakest level since April 2020.
2023-06-01