Monthly Index Indicating Manufacturing Sentiment in Turkey
Turkey| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The Purchasing Managers' Index (PMI) for the manufacturing sector is a monthly indicator used to assess economic activity in Turkey's manufacturing industry. This index is based on surveys conducted by IHS Markit, gathering data from purchasing managers regarding new orders, inventory levels, employment conditions, delivery times, and price trends.
PMI is benchmarked at 50, with values above indicating expansion and values below indicating contraction in the manufacturing sector. This index is crucial for swiftly understanding the current state of the Turkish economy, particularly in evaluating trends within the manufacturing sector.
Policymakers use the Manufacturing PMI to assess economic outlooks and formulate appropriate monetary policies. For instance, if the index shows strong growth, the central bank may consider raising interest rates to mitigate inflation risks. Conversely, if the index declines, there may be a need to strengthen economic stimulus measures. Additionally, this index serves as an important source of information for businesses and investors in gauging sentiment within the manufacturing industry.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
