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.