Akdag, SaffetDeran, AliIskenderoglu, Omer2024-11-072024-11-0720201305-5577https://doi.org/10.17233/sosyoekonomi.2020.03.03https://search.trdizin.gov.tr/tr/yayin/detay/461252https://hdl.handle.net/11480/14712In this study, the causal relationships of the Purchasing Managers Index (PMI) with various financial factors are examined. As a result of the analysis, it is determined that the change in the Istanbul-Stock-Exchange-Industry Index (ISEIND) causes the change in the PMI and the changes in the PMI also causes the changes in the Industrial-Production Index (IPI) and the Capacity-Utilization-Rates (CUR). It is also determined that the causality towards to PMI from the ISEIND and causality towards IPI from PMI is valid in the medium- and long-run, whereas the causality towards PMI to CUR are valid for the all periods. According to these results, PMI can be considered as a leading indicator for the real sector. However, the same result does not apply to the financial sector.eninfo:eu-repo/semantics/openAccessPurchasing Manager's IndexIstanbul Stock Exchange Industry IndexIndustrial Production IndexCapacity Utilization RatesGranger CasualityFrequency Domain CausalityArticle2845374710.17233/sosyoekonomi.2020.03.032-s2.0-85119860218N/A461252WOS:000560244100004N/A