The manufacturing confidence index in Turkey increased to 102.5 in August of 2019 from 98.3 in the previous month. There was an improvement in expectations over the next three months regarding output (112.5 vs 111.5 in July) and employment (106.1 vs 105.6) while export orders outlook deteriorated (118.8 vs 112.8). The fixed investment expenditure sub-index rose to 102.6 in August from 101.5 in July; and the gauge measuring general business situation went up to 101.9 from 89.9. Business Confidence in Turkey averaged 99.28 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.
Business Confidence in Turkey is expected to be 101.90 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 100.00 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.