The manufacturing confidence index in Turkey dropped to a five-month low of 98.3 in July 2019 from 102.5 in the previous month, as export orders outlook deteriorated (112.8 vs 116.1 in June). Meanwhile, there was an improvement in expectations over the next three months regarding output (111.5 vs 111.0) and employment (105.6 vs 105.1). The fixed investment expenditure sub-index fell to 101.5 in July from 102.2 in June; and the gauge measuring general business situation declined to 89.9 from 90.2. Business Confidence in Turkey averaged 99.27 Index Points from 1987 until 2019, reaching an all time high of 123.30 Index Points in December of 1987 and a record low of 52.60 Index Points in December of 2008.

Business Confidence in Turkey is expected to be 94.00 Index 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 100.00 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 104.00 Index Points in 2020, according to our econometric models.

Turkey Business Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-24 07:00 AM Business Confidence Apr 105.5 102.1 101.4
2019-05-23 07:00 AM Business Confidence May 98.9 105.5 104
2019-06-24 07:00 AM Business Confidence Jun 102.5 98.9 98.4
2019-07-25 07:00 AM Business Confidence Jul 98.3 102.5 101
2019-08-26 07:00 AM Business Confidence Aug 98.3 97
2019-09-24 07:00 AM Business Confidence Sep 94
2019-10-25 07:00 AM Business Confidence Oct


Turkey Business Last Previous Highest Lowest Unit
Business Confidence 98.30 102.50 123.30 52.60 Index Points [+]
Manufacturing PMI 46.70 47.90 55.70 42.70 [+]
Industrial Production -3.90 -1.30 27.30 -21.20 percent [+]
Industrial Production Mom -3.71 1.20 16.70 -13.40 percent [+]
Manufacturing Production -4.60 -1.80 31.00 -24.50 percent [+]
Capacity Utilization 76.20 77.10 82.00 58.70 percent [+]
Changes in Inventories -27915235.80 -40444799.00 27201230.50 -40444799.00 TRY THO [+]
Bankruptcies 756.00 946.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 17927.00 42688.00 156173.00 1764.00 [+]
Car Production 109116.00 136517.00 163459.00 1421.00 Units [+]
Car Registrations 41915.00 57757.00 157531.00 5921.00 [+]
Leading Economic Index 2.43 1.73 12.75 -7.01 percent [+]
Internet Speed 7557.69 7551.73 7560.46 1008.59 KBps [+]
IP Addresses 8079762.00 7904681.00 9682770.00 2632946.00 IP [+]
Steel Production 2697.69 3063.37 3368.15 152.00 Thousand Tonnes [+]
Mining Production 4.80 -2.30 39.90 -27.70 percent [+]
Competitiveness Index 61.60 61.42 61.60 4.13 Points [+]
Competitiveness Rank 61.00 58.00 63.00 43.00 [+]
Ease of Doing Business 43.00 60.00 73.00 43.00 [+]
Electricity Production 24040.00 24791.00 29183.00 14829.00 Gigawatt-hour [+]
Corruption Index 41.00 40.00 50.00 31.00 Points [+]
Corruption Rank 78.00 81.00 81.00 29.00 [+]


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. . 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
98.30 102.50 123.30 52.60 1987 - 2019 Index Points Monthly
NSA




Country Last Previous
Australia 4.00 Jul/19
Brazil 57.40 Jul/19
Canada 54.20 Jul/19
China 49.70 Jul/19
Euro Area -0.12 Jul/19
France 101.00 Jul/19
Germany 95.70 Jul/19
India 113.50 Jun/19
Indonesia 108.81 Jun/19
Italy 100.10 Jul/19
Japan 7.00 Jun/19
Mexico 49.50 Jul/19
Netherlands 3.90 Jul/19
Russia -1.00 Jul/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 28.00 Jun/19
South Korea 73.00 Jul/19
Spain -2.80 Jul/19
Switzerland 97.10 Jul/19
Turkey 98.30 Jul/19
United Kingdom -32.00 Sep/19
United States 51.20 Jul/19


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