The manufacturing confidence index in Turkey increased to 106.9 in February 2020, the highest since May 2018, boosted by an improvement in expectations over the next three months regarding output (127.9 vs 116.9), employment (108.9 vs 106.5) and export orders (126.6 vs 117.5). In addition, the gauge measuring fixed investment expenditure rose to 105.9 from 103.4 in January, while the index for general business situation dropped to 103.4 from 108.5. Turkey Business Confidence - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Business Confidence in Turkey averaged 99.34 points from 1987 until 2020, reaching an all time high of 123.30 points in December of 1987 and a record low of 52.60 points in December of 2008. This page provides the latest reported value for - Turkey Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey is expected to be 99.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Turkey to stand at 101.00 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 104.00 points in 2021, according to our econometric models.


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Turkey Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
106.90 104.10 123.30 52.60 1987 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-25 07:00 AM Nov 102.0 100.9 101.5
2019-12-26 07:00 AM Dec 103.6 102.0 100.5
2020-01-27 07:00 AM Jan 104.1 103.6 102.9
2020-02-24 07:00 AM Feb 106.9 104.1 101
2020-03-25 07:00 AM Mar 106.9 99
2020-04-24 07:00 AM Apr 99.9
2020-05-22 07:00 AM May
2020-06-24 07:00 AM Jun 100


News Stream
Turkish Industry Morale at Near 2-Year High
The manufacturing confidence index in Turkey increased to 106.9 in February 2020, the highest since May 2018, boosted by an improvement in expectations over the next three months regarding output (127.9 vs 116.9), employment (108.9 vs 106.5) and export orders (126.6 vs 117.5). In addition, the gauge measuring fixed investment expenditure rose to 105.9 from 103.4 in January, while the index for general business situation dropped to 103.4 from 108.5.
2020-02-24
Turkish Business Sentiment Rises to 9-Month High
The manufacturing confidence index in Turkey increased to 104.1 in January 2020, the highest since April 2019, from 103.6 in the previous month, boosted by expectations over the next three months regarding output (116.9 vs 108.5), employment (106.5 vs 105.2) and export orders (117.5 vs 111.5). In addition, the index for general business situation advanced to 108.5 from 103.5. By contrast, the gauge measuring fixed investment expenditure dropped to 103.4 from 110.8 in November.
2020-01-27
Turkish Industry Morale Strongest in 8 Months
The manufacturing confidence index in Turkey increased to 103.6 in December 2019 the highest since April, from 102.0 in the previous month, boosted by expectations over the next three months regarding output (108.5 vs 108.2), employment (105.2 vs 103.5) and export orders (111.5 vs 108.9). In addition, the gauge measuring fixed investment expenditure climbed to 110.8 from 106.3 in November, and the index for general business situation went up to 103.5 from 102.1.
2019-12-26
Turkish Business Morale Strongest in 3 Months
The manufacturing confidence index in Turkey increased to 102.0 in November 2019 from 100.9 in the previous month. This was the strongest manufacturing confidence since August, amid a more favourable assessment of fixed investment expenditure (106.3 from 101.7 in October) and the gauge measuring general business situation (102.1 from 95.9). In addition, the current level of total orders increased (79.6 from 79.2) and stocks of finished goods improved (98.8 from 98.5). Also, the gauge measuring general business situation rose (102.1 from 95.9). On the other hand, there was a slight improvement in expectations over the next three months regarding output (108.2 from 108.1). Meanwhile, the employment outlook weakened (103.5 from 104.7). Also, export orders declined (108.9 from 116.1).
2019-11-25

Turkey Business Confidence
In Turkey, the Business Tendency Survey (BTS) compiles the assessments of the senior managers on the recent past, current situation and their expectations regarding the future course of business environment in the manufacturing industry. A score above 100 indicates an optimistic outlook to the economic activities while below 100 points to a pessimistic outlook. .