The manufacturing confidence index in Turkey increased to 102.0 in November 2019 from 100.9 in the previous month. This was the strongest reading since August, boosted by a more favorable assessment of fixed investment expenditure (106.3 from 101.7 in October) and general business situation (102.1 from 95.9). Also, there was a slight improvement in expectations over the next three months regarding output (108.2 from 108.1), while the employment outlook weakened (103.5 from 104.7) as well as export orders expectations (108.9 from 116.1). Business Confidence in Turkey averaged 99.29 Index Points from 1987 until 2019, reaching an all time high of 123.30 Index Points in December of 1987 and a record low of 52.60 Index Points in December of 2008. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey is expected to be 97.00 Index 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 102.00 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 104.00 Index Points in 2020, according to our econometric models.

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Turkey Business Confidence
Calendar GMT Actual Previous Consensus TEForecast
2019-08-26 07:00 AM Business Confidence Aug 102.5 98.3 97
2019-09-24 07:00 AM Business Confidence Sep 98.8 102.5 101.9
2019-10-25 07:00 AM Business Confidence Oct 100.9 98.8 99.5
2019-11-25 07:00 AM Business Confidence Nov 102.0 100.9 101.5
2019-12-26 07:00 AM Business Confidence Dec 102.0 100.5
2020-01-24 07:00 AM Business Confidence Jan
2020-02-21 07:00 AM Business Confidence Feb


Turkey Business Last Previous Highest Lowest Unit
Business Confidence 102.00 100.90 123.30 52.60 Index Points [+]
Manufacturing PMI 49.50 49.00 55.70 42.70 [+]
Industrial Production 3.40 -3.60 27.30 -21.20 percent [+]
Industrial Production Mom 3.20 -2.70 16.70 -13.40 percent [+]
Manufacturing Production 3.40 -3.30 16.70 -13.40 percent [+]
Capacity Utilization 77.20 76.40 82.00 58.70 percent [+]
Changes in Inventories -1236659.20 -7288063.90 26229983.10 -52290379.90 TRY THO [+]
Bankruptcies 1272.00 1233.00 3113.00 11.00 Companies [+]
Total Vehicle Sales 58176.00 49075.00 156173.00 1764.00 [+]
Car Production 132155.00 136236.00 163459.00 1421.00 Units [+]
Car Registrations 68069.00 52456.00 157531.00 5921.00 [+]
Leading Economic Index 4.97 3.61 12.75 -7.01 percent [+]
Internet Speed 7557.69 7551.73 7560.46 1008.59 KBps [+]
IP Addresses 8079762.00 7904681.00 9682770.00 2632946.00 IP [+]
Mining Production 5.70 -5.70 39.90 -27.70 percent [+]
Steel Production 2687.07 2732.77 3368.15 152.00 Thousand Tonnes [+]
Competitiveness Index 62.14 61.60 62.14 4.13 Points [+]
Competitiveness Rank 61.00 61.00 63.00 43.00 [+]
Ease of Doing Business 33.00 43.00 73.00 33.00 [+]
Electricity Production 25163.00 27496.00 29183.00 14829.00 Gigawatt-hour [+]
Corruption Index 41.00 40.00 50.00 31.00 Points [+]
Corruption Rank 78.00 81.00 81.00 29.00 [+]


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. . 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 - actual data, historical chart and calendar of releases - was last updated on December of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
102.00 100.90 123.30 52.60 1987 - 2019 Index Points Monthly
NSA




Country Last Previous
Australia 0.00 Nov/19 2
Brazil 62.50 Nov/19 59.3
Canada 60.00 Nov/19 48.2
China 50.20 Nov/19 49.3
Euro Area -0.23 Nov/19 -0.2
France 100.00 Nov/19 99
Germany 95.00 Nov/19 94.7
India 112.80 Sep/19 114
Indonesia 105.33 Sep/19 109
Italy 98.90 Nov/19 99.5
Japan 5.00 Sep/19 7
Mexico 49.90 Nov/19 50
Netherlands 2.80 Nov/19 3.6
Russia -5.00 Nov/19 -3
Saudi Arabia 3.00 Jun/16 -12
Singapore -5.00 Sep/19 -11
South Africa 26.00 Dec/19 21
South Korea 74.00 Nov/19 72
Spain -3.50 Nov/19 -8.9
Switzerland 93.00 Nov/19 94.8
Turkey 102.00 Nov/19 101
United Kingdom -44.00 Dec/19 -32
United States 48.10 Nov/19 48.3


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