The manufacturing confidence index in Turkey edged down 1.2 points from the previous month to 108.4 in November 2021, its lowest level since January and remaining well below an over nine-year high of 114.8 hit in July. Sentiment deteriorated due to falling expectations over the next three months regarding output (111.9 vs 113.3 in October), total employment (110.6 vs 111.6); and export orders (112.7 vs 120.5), despite a slump in lira. The general business situation index dropped to 90.6 from 91.7 in October, and the gauge for fixed investment expenditure fell to 123.4 from 126.9. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.59 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 November of 2021.

Business Confidence in Turkey is expected to be 107.00 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.

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Turkey Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-10-25 07:00 AM Oct 109.6 113.4 112.5
2021-11-24 07:00 AM Nov 108.4 109.6 106.8
2021-12-27 07:00 AM Dec 108.4 107


Related Last Previous Unit Reference
Business Confidence 108.40 109.60 points Nov/21
Capacity Utilization 78.10 78.00 percent Nov/21
Leading Economic Index 4.96 5.23 percent Oct/21

News Stream
Turkish Business Sentiment Falls to 10-Month Low
The manufacturing confidence index in Turkey edged down 1.2 points from the previous month to 108.4 in November 2021, its lowest level since January and remaining well below an over nine-year high of 114.8 hit in July. Sentiment deteriorated due to falling expectations over the next three months regarding output (111.9 vs 113.3 in October), total employment (110.6 vs 111.6); and export orders (112.7 vs 120.5), despite a slump in lira. The general business situation index dropped to 90.6 from 91.7 in October, and the gauge for fixed investment expenditure fell to 123.4 from 126.9.
2021-11-24
Turkish Industry Morale Weakens to 8-Month Low
The manufacturing confidence index in Turkey dropped by 3.8 points from the previous month to 109.6 in October 2021, its lowest level since February and well below an over nine-year high of 114.8 hit in July. Sentiment deteriorated due to falling expectations over the next three months regarding output (113.3 vs 128.3 in September), total employment (111.6 vs 115.2) and export orders (120.5 vs 123.9), despite a weaker lira. The general business situation index dropped to 91.7 from 98.7 in the previous month, while the gauge for fixed investment expenditure increased to 126.9 from 123.1.
2021-10-25
Turkish Factory Mood Falls Again in September
The manufacturing confidence index in Turkey dropped by 0.5 points from the previous month to 113.4 in September of 2021. It was the lowest reading since June, amid a further deterioration in expectations over the next three months regarding output (128.3 vs 131.6 in August), employment (115.2 vs 115.7) and export orders (123.9 vs 129.6). The general business situation index fell sharply to 98.7 from 105.6, while the gauge for fixed investment expenditure went up to 123.1 from 120.5 in the previous month.
2021-09-24

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.