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.

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Turkey Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-04-25 07:00 AM Apr 109.7 108.5 107
2022-05-23 07:00 AM May 109.4 109.7 109.4
2022-06-24 07:00 AM Jun 109.4


Related Last Previous Unit Reference
Business Confidence 109.40 109.70 points May 2022
Capacity Utilization 78.00 77.80 percent May 2022
Leading Economic Index 6.17 6.60 percent Mar 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
109.40 109.70 123.30 52.60 1987 - 2022 points Monthly
NSA

News Stream
Turkey Business Mood Inches Lower
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).
2022-05-23
Turkey Business Sentiment Improves in April
The manufacturing confidence index in Turkey rose by 1.2 points from to previous month to 109.7 in April of 2022. Significant improvements were recorded for sentiment regarding the general business situation (83.6 vs 79.2 in March), Fixed investment expenditure (129 vs 124.4), and the current amount of stocks of finished goods (97.9 vs 95.8). Meanwhile, expectations over the next three months deteriorated regarding volume of output (123.5 vs 125.9), employment (113.9 vs 115.8), and exports orders (123.4 vs 124.1)
2022-04-25
Turkish Business Mood Drops to 3-Month Low
The manufacturing confidence index in Turkey declined 1.3 points to a three-month low of 108.5 in March 2022 from 109.8 in the previous month. Both expectations over the next three months regarding output (125.9 vs 128.0) and export orders (124.1 vs 126.4) eased. Meantime, the measure for total employment was unchanged (at 115.8); while that for fixed investment expenditure rose slightly (124.4 from 124.1).
2022-03-25