The manufacturing confidence index in Turkey increased to 108.1 in October of 2020 from 105.3 in the previous month, reaching the highest since May of 2018. Improvements were seen in orders (86.9 vs 83.2), stocks of finished goods (103 vs 101.4) and expectations for output (120.5 vs 119.3) and employment (107.1 vs 106.2) increased. In contrast, export orders in the next 3 months are seen less positive (118.5 vs 12.8). The general business index increased to 101.4 from 94.7. source: Central Bank of the Republic of Turkey
Business Confidence in Turkey averaged 99.24 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 October of 2020.
Business Confidence in Turkey is expected to be 96.00 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 91.00 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 90.00 points in 2021 and 96.00 points in 2022, according to our econometric models.