The manufacturing confidence index in Turkey edged down 0.3 points to 109.4 in May of 2022 from 109.7 a month earlier, and remaining well below an over nine-year high of 114.8 hit in July 2020. The gauge fell for fixed investment expenditure (125.7 vs 129.0 in April), current amount of stocks of finished goods (95.0 vs 97.9), and exports orders (117.3 vs 120.7). Meantime, sentiment strengthened for the general business situation (87.2 vs 83.6), along with expectations over the next three months regarding volume of output (117 vs 116), and total employment (115.7 vs 111.6). source: Central Bank of the Republic of Turkey
Business Confidence in Turkey averaged 99.72 points from 1987 until 2022, 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 May of 2022.
Business Confidence in Turkey is expected to be 107.00 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 106.00 points in 2023, according to our econometric models.