The manufacturing confidence index in Turkey fell for the fifth straight month to reach 99.9 in September of 2022, the lowest since June of 2020, from 102.1 in August. The latest reading reflected a deterioration in expectations over the next three months regarding output (112.2 vs 116.7), total employment (108.5 vs 112.5); and export orders (110.1 vs 111.7). Meanwhile, the general business situation index went up to 84.5 from 79.7 in August, and the gauge for fixed investment expenditure increased to 119.7 from 1119.1. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.75 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 September of 2022.

Business Confidence in Turkey is expected to be 101.00 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
2022-08-25 07:00 AM Aug 102.1 103.7 103.3
2022-09-26 07:00 AM Sep 99.9 102.1 101
2022-10-25 07:00 AM Oct 99.9


Related Last Previous Unit Reference
Business Confidence 99.90 102.10 points Sep 2022
Capacity Utilization 77.40 76.70 percent Sep 2022
Leading Economic Index 4.06 4.51 percent Aug 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
99.90 102.10 123.30 52.60 1987 - 2022 points Monthly
NSA

News Stream
Turkish Business Morale at Over 2-Year Low
The manufacturing confidence index in Turkey fell for the fifth straight month to reach 99.9 in September of 2022, the lowest since June of 2020, from 102.1 in August. The latest reading reflected a deterioration in expectations over the next three months regarding output (112.2 vs 116.7 in August), total employment (108.5 vs 112.5); and export orders (110.1 vs 111.7). Meanwhile, the general business situation index went up to 84.5 from 79.7 in August, and the gauge for fixed investment expenditure increased to 119.7 from 1119.1.
2022-09-26
Turkish Factory Mood Lowest since July 2020
The manufacturing confidence index in Turkey fell by 1.6 points to 102.1 in August of 2022 from 103.7 in July, the lowest since July of 2020. Expectations regarding the next three months deteriorate for employment (112.5 vs 113.4 in July) and export orders (111.7 vs 114.9). Also, the gauge for fixed investment expenditure declined to 119.1 from 123.9. On the other hand, sentiment regarding the general business situation improved (79.7 vs 78.2), in particular the current amount of orders (86.2 vs 85.8) and the amount of stocks of finished goods (95.3 vs 93.9).
2022-08-25
Turkey Business Morale at 2-Year Low
The manufacturing confidence index in Turkey fell by 2.7 points from the previous month to 103.7 in July 2022, the lowest since July 2020. The reading reflected a sharp deterioration in nearly all gauges, as the country faces decades-high inflation and a currency crisis. Sentiment deteriorated for the total amount of orders (85.8 vs 91.8 in June), volume of output in the next three months (114.7 vs 116.9), employment in the next three months (112.4 vs 117.8), export orders (123.9 vs 127.7), and the general business situation (78.2 vs 79.4). On the other hand, the current situation regarding the amount of stocks of finished goods was slightly higher (93.9 vs 93.2).
2022-07-25