Turkey Manufacturing PMI

Last Release

Jul 31, 2024

Actual

47.2

Units In

Points

47.9

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
56.9 Jul 2020	33.4 Apr 2020	50.08 Points	2011-2024	Markit Economics

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.

Latest Updates

The Istanbul Chamber of Industry Türkiye Manufacturing PMI rose to 45.8 in October 2024, up from an over four-year low of 44.3 in September but stayed in contraction territory for the seventh consecutive month. Market conditions remained challenging, leading to muted demand and further slowdown in total new orders and exports. As a result, manufacturers reduced their production, employment, and purchasing activity. Meanwhile, stocks of purchases saw their largest drop since May 2020. Additionally, suppliers' delivery times lengthened in October, following a brief improvement in September. On the cost front, input price inflation eased to its lowest in almost a year and-a-half, while output price inflation also slowed.