The manufacturing confidence index in Turkey rose to 93.0 in January 2019 from 91.5 last month, due to an improvement in expectations over the next three months regarding output (106.5 vs 93.7 in December), employment (100.8 vs 94.8) and export orders (110.7 vs 105.9). In addition, the fixed investment expenditure sub-index increased to 97.7 in January from 95.7 in December while the gauge measuring general business situation dropped to 82.9 from 85.2. The current assessement of total amount of orders fell (73.5 vs 78.0), as well as the amount of stocks of finished goods (93.6 vs 96.5). Business Confidence in Turkey averaged 99.25 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 91.00 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.