Skyline at golden hour in Turkey

Turkey PMI January 2024

Turkey: Manufacturing PMI rises in January

The Istanbul Chamber of Industry Türkiye Manufacturing PMI improved to 49.2 in January from 47.4 in December. As a result, the index remained below the 50.0 no-change threshold, but signaled a softer deterioration in manufacturing sector operating conditions compared to the previous month.

January’s improvement was driven by smaller declines in output, new orders and purchasing activity. Moreover, employment levels were stable. On the flip side, shipping issues in the Red Sea caused supplier delivery times to lengthen.

On the price front, input cost inflation accelerated, chiefly due to January’s minimum wage increase. Consequently, output charge inflation rose to a five-month high.

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