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.