The manufacturing confidence index in Turkey rose to 102.1 in March 2019 from 97.2 last month. It was the highest reading since July 2018, due to an improvement in expectations over the next three months regarding output (121.9 vs 116.9 in February), employment (107.4 vs 103.3) and export orders (120.3 vs 119.2). Also, the fixed investment expenditure sub-index increased to 105.9 in March from 98.9 in February; and the gauge measuring general business situation rose to 95.9 from 92.7. Business Confidence in Turkey averaged 99.24 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 96.00 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 97.00 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
2018-12-26 11:30 AM Business Confidence 91.5 92.8 95.5
2019-01-25 07:00 AM Business Confidence 93 91.5 92.9
2019-02-22 07:00 AM Business Confidence 97.2 93 92
2019-03-25 07:00 AM Business Confidence 102.1 97.2 96
2019-04-24 07:00 AM Business Confidence 102.1 101.4
2019-05-23 07:00 AM Business Confidence
2019-06-24 07:00 AM Business Confidence 95


Turkey Business Last Previous Highest Lowest Unit
Business Confidence 102.10 97.20 123.30 52.60 Index Points [+]
Manufacturing PMI 47.20 46.40 55.70 42.70 [+]
Industrial Production -5.10 -7.40 27.30 -21.20 percent [+]
Industrial Production Mom 1.30 1.00 16.70 -13.40 percent [+]
Manufacturing Production -5.50 -7.60 31.00 -24.50 percent [+]
Capacity Utilization 74.30 74.00 82.00 58.70 percent [+]
Changes in Inventories -40444799.00 -3640862.40 27201230.50 -40444799.00 TRY THO [+]
Bankruptcies 693.00 665.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 49221.00 24875.00 156173.00 1764.00 [+]
Car Production 132189.00 119473.00 163459.00 1421.00 Units [+]
Car Registrations 34025.00 66486.00 157531.00 5921.00 [+]
Leading Economic Index 0.36 -0.12 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 2634.70 2565.37 3368.15 152.00 Thousand Tonnes [+]
Mining Production -4.70 -6.80 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 23342.00 25843.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
102.10 97.20 123.30 52.60 1987 - 2019 Index Points Monthly
NSA




Country Last Previous
Australia 0.00 Mar/19
Brazil 58.40 Apr/19
Canada 54.30 Mar/19
China 50.50 Mar/19
Euro Area 0.53 Mar/19
France 102.00 Mar/19
Germany 99.60 Mar/19
India 113.50 Jun/19
Indonesia 104.71 Dec/18
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 51.50 Mar/19
Netherlands 6.10 Mar/19
Russia -2.00 Mar/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 73.00 Mar/19
Spain -2.30 Mar/19
Switzerland 97.40 Mar/19
Turkey 102.10 Mar/19
United Kingdom -23.00 Mar/19
United States 55.30 Mar/19


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