The manufacturing confidence index in Turkey rose to 113 in June of 2021 from 110.3 in the previous month. It was the highest reading since May of 2014, amid the gradual relaxation in Covid-19 restrictions. There was an improvement in expectations over the next three months regarding output (134.1 vs 125.1 in May), exports (131.2 vs 121.1) and total employment (113.6 vs 110.6). The gauge for fixed investment expenditure increased to 119 from 118.6 in the previous month and the general business situation index went up to 102.5 from 99.7. source: Central Bank of the Republic of Turkey
Business Confidence in Turkey averaged 99.43 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 July of 2021.
Business Confidence in Turkey is expected to be 109.50 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 106.00 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 110.00 points in 2022 and 106.00 points in 2023, according to our econometric models.