Skyline at golden hour in Turkey

Turkey PMI September 2018

Turkey: Manufacturing PMI continues to sink in September

The Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, fell sharply from 46.4 in August to 42.7 in September. As a result, the index remained below the crucial 50-point threshold that separates expansion from contraction in the manufacturing sector for the sixth consecutive month.

The decline in the index came on larger contractions in output and new orders, which consequently led companies to cut staff. In addition, new exports declined, despite currency weakness. The weaker lira fed through to record input and output price inflation.

Central Bank figures showed that the manufacturing sector’s capacity utilization rate declined notably from 77.8% in August to 76.2% in September, the weakest reading in over two years and a sure sign of softer activity in the sector.

Turkey Fixed Investment Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest