Business Confidence in Turkey increased to 92.60 points in June from 76.90 points in May of 2020.

Business Confidence in Turkey averaged 99.18 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. Turkey Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey is expected to be 82.00 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 80.00 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 85.00 points in 2021 and 92.00 points in 2022, according to our econometric models.

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Turkey Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
92.60 76.90 123.30 52.60 1987 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-25 07:00 AM Mar 99.7 106.9 95
2020-04-24 07:00 AM Apr 66.8 99.7 80
2020-05-22 07:00 AM May 76.9 66.8 55
2020-06-24 07:00 AM Jun 92.6 76.9 82
2020-07-27 07:00 AM Jul 92.6
2020-08-25 07:00 AM Aug
2020-09-24 07:00 AM Sep 75
2020-10-26 07:00 AM Oct


News Stream
Turkey Business Morale Weakest since 2009
The manufacturing confidence index in Turkey sank to 66.8 in April of 2020 from 99.7 in the previous month. This was the lowest reading since February of 2009, crushed by coronavirus lockdown. There was a sharp deterioration in expectations over the next three months regarding output (61.2 vs 114.6 in March), export orders (50.6 vs 110.1) and employment (86.5 vs 104.2). Also, the gauge measuring fixed investment expenditure tumbled (69.9 vs 99.7), and the index for general business situation declined (42.5 vs 87.9).
2020-04-24
Turkish Business Morale Weakest in 6 Months
The manufacturing confidence index in Turkey declined to 99.7 in March 2020, the lowest since last September, from the previous month’s two-year high of 106.9. There was a deterioration in expectations over the next three months regarding output (114.6 vs 127.9), employment (104.2 vs 108.9) and export orders (110.1 vs 126.6) as the country faces a lock down due to the Covid-19 outbreak. In addition, the gauge measuring fixed investment expenditure decreased to 99.7 from 105.9 in February, and the index for general business situation dropped to 87.9 from 103.4.
2020-03-25
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

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. .