Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Istanbul Chamber of Industry Manufacturing PMI fell to 47.9 in September 2026
FMPMonthlyReleased October 2026
Turkey Istanbul Chamber of Industry Manufacturing PMI fell to 47.9 in September 2026, released October 2026, down 0.2 from August's 48.1 reading. The reading matched the 49 consensus. Year-over-year, the indicator is up 1.2. Over the past 3 months, Istanbul Chamber of Industry Manufacturing PMI averaged 47.9, vs 47.75 in the prior 3-month window. The reading is in the 55th percentile of the trailing 24-month range.
Latest Release
47.9
Actual
49
Consensus
48.1
Previous
Median Absolute Error
±1.19
across last 12 releases
Last Call
Oct 2026
Predicted: 49.1
Actual: 47.9
Error: +1.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.33 | CRYPTO | Moves against | → View |
| USD/TRY | ▲ Direct | +0.32 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.29 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Istanbul Chamber of Industry Manufacturing PMI (Turkey) was reported at 47.90 in October 2026. This missed the market consensus of 49.00 by 1.10. The reading fell from the previous value of 48.10. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 48.22, ranging from 46.50 to 49.80 across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 47.90, down from the prior three at 49.00. Volatility over the past year (σ 0.87) is higher than the prior year (σ 0.79). In October readings over the past 3 years, Istanbul Chamber of Industry Manufacturing PMI has averaged 46.30.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.19.
WHAT TO WATCH NEXT
The next release is scheduled for November 2, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Nov 3) and Inflation Rate YoY (Nov 3).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Istanbul Chamber of Industry Manufacturing PMI - TR
Loading chart data...
About Istanbul Chamber of Industry Manufacturing PMI — Turkey
DEFINITION
The Istanbul Chamber of Industry Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in Istanbul, Turkey. It is based on a monthly survey of purchasing managers from a variety of industries, providing valuable insights into the current economic conditions and future trends in the manufacturing sector. This indicator is highly regarded by investors, analysts, and policymakers as it reflects the overall health and growth potential of the manufacturing industry in Istanbul.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 47.9, consensus 49. Prior reading (Aug 2026): 48.1. Before that (Jul 2026): 47.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - TR Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Economic Confidence Index | 97.3 | 101.3 | 101 | 99.15 | Low |
| 07:00 | TR | Tourism Revenues | 25.5 | 15.9 | 27 | 26.25 | Low |
| 08:00 | TR | Tourist Arrivals YoY | 0.4 | -0.03 | -0.1 | 0.15 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | TR | Istanbul Chamber of Industry Manufacturing PMI | 47.9 | 48 | 48.10 | Low | |