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The Istanbul Chamber of Industry Manufacturing PMI is a composite indicator designed to provide a single-figure snapshot of operating conditions in the Turkish manufacturing sector. It is based on surveys of over 400 industrial companies and covers variables such as new orders, output, employment, and supplier delivery times. A reading above 50.0 indicates an overall expansion in the sector, while a reading below 50.0 signals a contraction. It is a leading indicator of economic health in Turkey.
The index is derived from monthly surveys of purchasing managers. It is a weighted average of five sub-indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%).