Business Confidence in Turkey increased to 109.30 points in February from 107 points in January of 2021. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.31 points from 1987 until 2021, 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 March of 2021.

Business Confidence in Turkey is expected to be 107.00 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 96.00 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 100.00 points in 2022, according to our econometric models.

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Turkey Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
109.30 107.00 123.30 52.60 1987 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-24 07:00 AM Nov 103.9 108.1 109
2020-12-25 07:00 AM Dec 106.8 103.9 101.5
2021-01-25 07:00 AM Jan 107.0 106.8 102.9
2021-02-22 07:00 AM Feb 109.3 107.0 108
2021-03-26 07:00 AM Mar 109.3 107
2021-04-26 07:00 AM Apr
2021-05-25 07:00 AM May
2021-06-24 07:00 AM Jun


News Stream
Turkish Business Morale Strongest Since 2018
The manufacturing confidence index in Turkey increased to 109.3 in February of 2021, the strongest since May 2018, from 107.0 in the previous month, amid the country plans will be gradually eased of the lockdown restrictions to contain the spread of coronavirus. Improvements were seen in expectations for output (124.0 vs 117.1 in January), total employment (112.1 vs 108.1), export orders in the next three months (124.5 vs 112.9), and the gauge measuring fixed investment expenditure (116.2 from 112.5). By contrast, the general business situation was seen less positive (103.1 vs 104.3).
2021-02-22
Turkish Business Morale Improves to 3-Month High
The manufacturing confidence index in Turkey increased to 107.0 in January of 2021, the strongest since October last year, from 106.8 in December of 2020. Improvements were seen in expectations for output (117.1 vs 111.3 in December), total employment (108.1 vs 104.7) and the general business situation was seen more positive (104.3 vs 101.5). By contrast, expectations for export orders in the next three months (112.9 vs 113.5) and the gauge measuring fixed investment expenditure (112.5 from 113.5) declined.
2021-01-25
Turkish Business Sentiment Improves in December
The manufacturing confidence index in Turkey increased to 106.8 in December of 2020 from 103.9 in the previous month. Increases were seen in expectations for output (111.3 vs 107.1 in November), export orders (113.5 vs 104.7) and the general business situation was seen slightly more positive (101.5 vs 101.3). Also, the gauge measuring fixed investment expenditure rose to 113.5 from 105.2 in November.
2020-12-25
Turkey Manufacturing Confidence Falls
The manufacturing confidence index in Turkey fell to 103.9 in November of 2020 from 108.1 in the previous month, which was the highest since May of 2018. Declines were seen in expectations for output (107.1 vs 120.5), employment (105 vs 107.1) and export orders (104.7 vs 118.5) and the general business situation was seen slightly less positive (101.3 vs 101.4).
2020-11-24

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. .