The manufacturing confidence index in Turkey rose for the first time in three months to reach 101.7 in January 2023, the highest since August 2022, from December's 30-month low of 97.8. The latest reading reflected an improvement in expectations over the next three months regarding output (111.4 vs 102.7 in December) and export order books (111.9 vs 100). At the same time, the gauge for both fixed investment expenditure (116.5 from 115.5) and general business situation sentiment (91.2 vs 87.6) strengthened. Conversely, expectations of total employment deteriorated (106.0 vs 106.4). source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.75 points from 1987 until 2023, 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 February of 2023.

Business Confidence in Turkey is expected to be 109.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Turkey Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-12-26 07:00 AM Dec 97.8 97.9 97
2023-01-25 07:00 AM Jan 101.7 97.8 99.5
2023-02-22 07:00 AM Feb 101.7


Related Last Previous Unit Reference
Business Confidence 101.70 97.80 points Jan 2023
Capacity Utilization 75.30 76.50 percent Jan 2023
Leading Economic Index 4.00 3.74 percent Dec 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
101.70 97.80 123.30 52.60 1987 - 2023 points Monthly
NSA

News Stream
Turkish Business Confidence at 5-Month High
The manufacturing confidence index in Turkey rose for the first time in three months to reach 101.7 in January 2023, the highest since August 2022, from December's 30-month low of 97.8. The latest reading reflected an improvement in expectations over the next three months regarding output (111.4 vs 102.7 in December) and export order books (111.9 vs 100). At the same time, the gauge for both fixed investment expenditure (116.5 from 115.5) and general business situation sentiment (91.2 vs 87.6) strengthened. Conversely, expectations of total employment deteriorated (106.0 vs 106.4).
2023-01-25
Turkish Industry Confidence Falls to 2-1/2-Year Low
The manufacturing confidence index in Turkey fell by 0.1 points to 97.8 in December of 2022 from 97.9 in November. It is the lowest reading since June of 2020, as expectations regarding the next three months deteriorate for production (102.7 vs 105.5 in November), total employment (106.4 vs 107.1) and overall order books (101.6 vs 103), with export order books (100 vs 102.9). Also, the gauge for fixed investment expenditure declined to 115.5 from 117.4. On the other hand, sentiment regarding the general business situation improved (87.6 vs 85.1) and expectations eased for inflation over the next twelve months (91.4 vs 94.1).
2022-12-26
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