The manufacturing confidence index in Turkey dropped by 0.5 points from the previous month to 113.4 in September of 2021. It was the lowest reading since June, amid a further deterioration in expectations over the next three months regarding output (128.3 vs 131.6 in August), employment (115.2 vs 115.7) and export orders (123.9 vs 129.6). The general business situation index fell sharply to 98.7 from 105.6, while the gauge for fixed investment expenditure went up to 123.1 from 120.5 in the previous month. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.54 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 October of 2021.

Business Confidence in Turkey is expected to be 111.50 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 110.00 points in 2022 and 106.00 points in 2023, according to our econometric models.

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Turkey Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-06-24 07:00 AM Jun 113 110.3 109.5
2021-07-26 07:00 AM Jul 114.8 113 111.5
2021-08-25 07:00 AM Aug 113.9 114.8 115
2021-09-24 07:00 AM Sep 113.4 113.9 111.5
2021-10-25 07:00 AM Oct 113.4 112.5
2021-11-24 07:00 AM Nov
2021-12-27 07:00 AM Dec
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Turkish Factory Mood Falls Again in September
The manufacturing confidence index in Turkey dropped by 0.5 points from the previous month to 113.4 in September of 2021. It was the lowest reading since June, amid a further deterioration in expectations over the next three months regarding output (128.3 vs 131.6 in August), employment (115.2 vs 115.7) and export orders (123.9 vs 129.6). The general business situation index fell sharply to 98.7 from 105.6, while the gauge for fixed investment expenditure went up to 123.1 from 120.5 in the previous month.
2021-09-24
Turkish Manufacturing Sentiment Weakens in August
The manufacturing confidence index in Turkey fell by 0.9 points from the previous month to 113.9 in August 2021. There was a deterioration in expectations over the next three months regarding output (131.6 vs 132.9 in June), employment (115.7 vs 116.4) and export orders (129.6 vs 134.2). The gauge for fixed investment expenditure went down to 120.5 from 120.8 in the previous month, while the general business situation index fell to 105.6 from 107.
2021-08-25
Turkish Manufacturing Sentiment at Over 9-Year High
The manufacturing confidence index in Turkey rose by 1.8 points from the previous month to 114.8 in July 2021, its highest level since April 2012, amid an improvement in expectations over the next three months regarding total employment (116.4 vs 113.6 in June) and export orders (134.2 vs 131.2). Meanwhile, the output outlook deteriorated slightly (132.9 vs 134.1). The gauge for fixed investment expenditure increased to 120.8 from 119.0 in the previous month, while the general business situation index rose to 107.0 from 102.5.
2021-07-26
Turkish Business Morale Strongest Since 2014
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.
2021-06-24

Turkey Last Unit Reference Previous Highest Lowest
Business Confidence 113.40 points Sep/21 113.90 123.30 52.60
Capacity Utilization 78.10 percent Sep/21 77.10 84.10 60.80
Leading Economic Index 4.94 percent Aug/21 5.80 17.81 -8.56


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.