Manufacturing PMI in Turkey increased to 53.50 in May from 51.70 in April of 2017. Manufacturing PMI in Turkey averaged 50.68 from 2011 until 2017, reaching an all time high of 55 in November of 2013 and a record low of 47 in August of 2016. Manufacturing PMI in Turkey is reported by 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. 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.
June 01, 2017 at 12:08PM
from Markit Economics
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