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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Istanbul Chamber of Industry Manufacturing PMI climbed to 49.8 in May 2026
FMPMonthlyReleased June 2026
Turkey Istanbul Chamber of Industry Manufacturing PMI climbed to 49.8 in May 2026, released June 2026, up 4.1 from April's 45.7 reading. The print exceeded the 45.9 consensus by 3.9. The print is running well above the 12-month average of 47.4. Over the past 3 months, Istanbul Chamber of Industry Manufacturing PMI averaged 46.8, vs 48.77 in the prior 3-month window. Istanbul Chamber of Industry Manufacturing PMI is now the highest in 24 months.
Latest Release
49.8
Actual
45.9
Consensus
45.7
Previous
Median Absolute Error
±1.02
across last 12 releases
Last Call
Jun 2026
Predicted: 45.25
Actual: 49.8
Error: -4.55
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.49 | FOREX | Bearish EUR | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish XAU | → View |
| BTC/USD | ▼ Inverse | −0.28 | CRYPTO | Bearish BTC | → 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 49.80 in June 2026. This beat the market consensus of 45.90 by 3.90. The reading rose from the previous value of 45.70. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 47.84, ranging from 45.90 to 49.80 across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 49.00, up from the prior three at 48.33. Volatility over the past year (σ 1.20) is comparable than the prior year (σ 1.14). In June readings over the past 3 years, Istanbul Chamber of Industry Manufacturing PMI has averaged 48.47.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.03.
WHAT TO WATCH NEXT
The next release is scheduled for July 1, 2026. Same-country events in the next 14 days include Business Confidence (Jun 19) and Consumer Confidence (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Istanbul Chamber of Industry Manufacturing PMI - TR
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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 (May 2026): actual 49.8, consensus 45.9. Prior reading (Apr 2026): 45.7. Before that (Mar 2026): 47.9.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.49) — a useful reference for forex-focused traders.