Skyline at golden hour in Turkey

Turkey PMI June 2024

Turkey: Manufacturing PMI falls in June

The Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI) fell to 47.9 in June from 48.4 in May. As a result, the index moved further below the 50.0 no-change threshold, and signaled a faster deterioration in manufacturing-sector operating conditions compared to the previous month.

Subdued demand conditions were a significant driver behind the latest PMI reading, leading to a slowdown in production and new orders. Output moderated at a slightly softer pace than in the prior month, while new orders fell at the fastest clip year to date. This moderation in output and new orders contributed to a reduction in purchasing activity and employment—the latter by the greatest amount since October 2022.

Regarding prices, the rate of input cost inflation slowed down for the fifth consecutive month, reaching the lowest level since May 2023. Consequently, firms raised their selling prices at the slowest pace in four-and-a-half years.

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