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. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.47 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 July of 2021.

Business Confidence in Turkey is expected to be 108.00 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 110.00 points in 2022 and 106.00 points in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Turkey Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
114.80 113.00 123.30 52.60 1987 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-26 07:00 AM Apr 111.0 110.8 105
2021-05-25 07:00 AM May 110.3 111.0 111.5
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
2021-09-24 07:00 AM Sep
2021-10-25 07:00 AM Oct
2021-11-24 07:00 AM Nov


News Stream
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
Turkish Industry Morale Weakens in May
The manufacturing confidence index in Turkey declined to 110.3 in May 2021, from the previous month's three-year high of 111.0, amid a deterioration in expectations over the next three months regarding output (125.0 vs 125.9 in April) and total employment (110.6 vs 113.7). Meanwhile, the export orders outlook improved (121.1 vs 116.9) as economies across the globe re-open. The gauge for fixed investment expenditure decreased to 118.6 from 122.8 in the previous month, while the general business situation index rose to 99.7 from 97.1.
2021-05-25
Turkish Business Morale Strongest Since 2018
The manufacturing confidence index in Turkey edged up to 111 in April of 2021 from 110.8 in the previous month, the highest since April 2018. The employment outlook improved (113.7 vs 112.4 in March) and the gauge for fixed investment expenditure increased (122.8 vs 117.7). Meantime, deteriorations were seen in expectations for output (236.9 vs 130.9) and export orders (116.9 vs 127.6).
2021-04-26

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.