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). source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.37 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 May of 2021.

Business Confidence in Turkey is expected to be 105.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Turkey to stand at 105.00 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
111.00 110.80 123.30 52.60 1987 - 2021 points Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-25 07:00 AM Jan 107.0 106.8 102.9
2021-02-22 07:00 AM Feb 109.3 107.0 108
2021-03-26 07:00 AM Mar 110.8 109.3 107
2021-04-26 07:00 AM Apr 111.0 110.8 105
2021-05-25 07:00 AM May 111.0 101.5
2021-06-24 07:00 AM Jun
2021-07-26 07:00 AM Jul
2021-08-25 07:00 AM Aug


News Stream
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
Turkish Business Confidence at Near 3-Year High
The manufacturing confidence index in Turkey increased to 110.8 in March 2021, the highest since April 2018, amid the easing of coronavirus lockdown restrictions. There was an improvement in expectations over the next three months regarding output (130.9 vs 124.0 in February), total employment (112.4 vs 112.1), and export orders (127.6 vs 124.5). Meanwhile, the gauge for fixed investment expenditure increased to 117.7 from 116.2 in the previous month, while the general business situation index fell to 102.1 from 103.1.
2021-03-26
Turkish Business Morale Strongest Since 2018
The manufacturing confidence index in Turkey increased to 109.3 in February of 2021, the strongest since May 2018, from 107.0 in the previous month, amid the country plans will be gradually eased of the lockdown restrictions to contain the spread of coronavirus. Improvements were seen in expectations for output (124.0 vs 117.1 in January), total employment (112.1 vs 108.1), export orders in the next three months (124.5 vs 112.9), and the gauge measuring fixed investment expenditure (116.2 from 112.5). By contrast, the general business situation was seen less positive (103.1 vs 104.3).
2021-02-22
Turkish Business Morale Improves to 3-Month High
The manufacturing confidence index in Turkey increased to 107.0 in January of 2021, the strongest since October last year, from 106.8 in December of 2020. Improvements were seen in expectations for output (117.1 vs 111.3 in December), total employment (108.1 vs 104.7) and the general business situation was seen more positive (104.3 vs 101.5). By contrast, expectations for export orders in the next three months (112.9 vs 113.5) and the gauge measuring fixed investment expenditure (112.5 from 113.5) declined.
2021-01-25

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.