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. source: Central Bank of the Republic of Turkey
Business Confidence in Turkey averaged 99.40 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 June of 2021.
Business Confidence in Turkey is expected to be 109.50 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 106.00 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.