The manufacturing confidence index in Turkey fell by 2.4 points to 97.9 in November of 2022 from 100.3 in October. It is the lowest reading since June of 2020, as expectations regarding the next three months deteriorate for overall order books (103 vs 105.3 in October), with export order books (102.9 vs 105.4) and production (105.5 vs 109.4). Also, the gauge for fixed investment expenditure declined to 117.4 from 124.2. On the other hand, sentiment regarding the general business situation improved (85.1 vs 82.9), in particular the current amount of orders (81.6 vs 79.7). source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.75 points from 1987 until 2022, 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 December of 2022.

Business Confidence in Turkey is expected to be 97.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Business Confidence is projected to trend around 106.00 points in 2023, according to our econometric models.

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Turkey Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-10-25 07:00 AM Oct 100.3 99.9
2022-11-24 07:00 AM Nov 97.9 100.3 100.7
2022-12-26 07:00 AM Dec 97.9 97


Related Last Previous Unit Reference
Business Confidence 97.90 100.30 points Nov 2022
Capacity Utilization 75.90 76.90 percent Nov 2022
Leading Economic Index 4.81 4.06 percent Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
97.90 100.30 123.30 52.60 1987 - 2022 points Monthly
NSA

News Stream
Turkish Business Morale Lowest since June 2020
The manufacturing confidence index in Turkey fell by 2.4 points to 97.9 in November of 2022 from 100.3 in October. It is the lowest reading since June of 2020, as expectations regarding the next three months deteriorate for overall order books (103 vs 105.3 in October), with export order books (102.9 vs 105.4) and production (105.5 vs 109.4). Also, the gauge for fixed investment expenditure declined to 117.4 from 124.2. On the other hand, sentiment regarding the general business situation improved (85.1 vs 82.9), in particular the current amount of orders (81.6 vs 79.7).
2022-11-24
Turkey Manufacturing Confidence Rebounds
The manufacturing confidence index in Turkey rose to 100.3 in October of 2022 from the two-year low of 99.9 in the prior month, halting five consecutive months of decline and rebounding past the critical 100 threshold that signals general optimism. The latest reading reflected a slight improvement in output over the last three months (-0.2 vs -0.7 in September) and current order books (-20.3 vs -20.6). On the other hand, expectations for the future continued to deteriorate, principally regarding order books (5.3 vs 10.3) and input cost inflation (90.9 vs 99.8).
2022-10-25
Turkish Business Morale at Over 2-Year Low
The manufacturing confidence index in Turkey fell for the fifth straight month to reach 99.9 in September of 2022, the lowest since June of 2020, from 102.1 in August. The latest reading reflected a deterioration in expectations over the next three months regarding output (112.2 vs 116.7 in August), total employment (108.5 vs 112.5); and export orders (110.1 vs 111.7). Meanwhile, the general business situation index went up to 84.5 from 79.7 in August, and the gauge for fixed investment expenditure increased to 119.7 from 1119.1.
2022-09-26