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.

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Turkey Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
108.10 105.30 123.30 52.60 1987 - 2020 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-27 07:00 AM Jul 100.7 92.6 88
2020-08-25 07:00 AM Aug 106.2 100.7 98
2020-09-24 07:00 AM Sep 105.3 106.2 97
2020-10-26 07:00 AM Oct 108.1 105.3 102
2020-11-24 07:00 AM Nov 108.1
2020-12-25 07:00 AM Dec 96


News Stream
Turkey Business Confidence Highest in 2-1/2-Years
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.
2020-10-26
Turkish Industry Morale Eases from 6-Month High
The manufacturing confidence index in Turkey fell to 105.3 in September 2020, from a six-month high of 106.2 in the previous month, due to a deterioration in expectations over the next three months regarding output (119.3 vs 130.3 in August) and employment (106.2 vs 107.3). At the same time, export order outlook improved slightly (123.8 vs 120.2). The gauge measuring fixed investment expenditure rose to 94.4 from 92.7 in August, while the index for general business situation dropped to 94.7 from 100.7.
2020-09-24
Turkish Manufacturing Morale Strongest in 6 Months
The manufacturing confidence index in Turkey increased to a six-month high of 106.2 in August 2020, returning to levels not seen since before the pandemic effects started to being felt, boosted by an improvement in expectations over the next three months regarding export orders (113.5 vs 81.2 in July) and employment (107.3 vs 106.2) At the same time, output expectations deteriorated slightly (130.3 vs 131.5). In addition, the gauge measuring fixed investment expenditure rose to 92.7 from 88.7 in July, while the index for general business situation dropped to 100.7 from 108.5.
2020-08-25
Turkey Business Sentiment Continues to Recover
The manufacturing confidence index in Turkey rose to 100.7 in July 2020 from 92.6 in the previous month. It was the highest reading in five months amid the easing of coronavirus lockdown restrictions. There was an improvement in expectations over the next three months regarding output (131.5 vs 123.4 in May), export orders (120.4 vs 113.5) and employment (106.2 vs 101.8). Also, the gauge measuring fixed investment expenditure (88.7 vs 84.5) and the index for general business situation (108.5 vs 104.4) increased.
2020-07-27

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. .