Turkey’s manufacturing industry confidence index fell to 101 in March 2026, retreating from an eleven-month high of 104.1 in the previous month. The latest reading also marked the lowest level since December, driven by broad-based decline across components, particularly expectations for output over the next three months (117 vs 120.4 in February). Export order expectations also eased to 114.3 from 115.6, while anticipated total orders slipped to 101.2 from 103.9, pointing to moderating demand prospects. Labor market sentiment weakened slightly, with employment expectations edging down to 102.8 from 103.5. At the same time, firms turned more cautious on investment, as expectations for fixed investment expenditure declined to 105.0 from 108.5. Current conditions also softened, with total orders falling to 84.3 from 87.9 and stocks of finished goods decreasing to 98.4 from 100.7. Meanwhile, sentiment on the general business situation dropped notably to 84.8 from 92.5. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey decreased to 101 points in March from 104.10 points in February of 2026. Business Confidence in Turkey averaged 99.97 points from 1987 until 2026, 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 March of 2026.

Business Confidence in Turkey decreased to 101 points in March from 104.10 points in February of 2026. Business Confidence in Turkey is expected to be 97.00 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 105.00 points in 2027 and 103.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-20 07:00 AM
Business Confidence
Feb 104.1 101.6 102
2026-03-24 07:00 AM
Business Confidence
Mar 101.00 104.1 102
2026-04-21 07:00 AM
Business Confidence
Apr 101


Related Last Previous Unit Reference
Bankruptcies 1667.00 1664.00 Companies Feb 2026
Business Confidence 101.00 104.10 points Mar 2026
Capacity Utilization 73.30 73.50 percent Mar 2026
Auto Production YoY 116037.00 99247.00 Units Feb 2026
Car Registrations 121791.00 144620.00 Units Feb 2026
Changes in Inventories 415972474.00 250512592.00 TRY Thousand Dec 2025
Composite Leading Indicator 100.96 100.75 points Feb 2026
Corruption Index 31.00 34.00 Points Dec 2025
Corruption Rank 124.00 107.00 Dec 2025
Electricity Production 30549.56 29452.16 Gigawatt-hour Jan 2026
Industrial Production YoY -1.80 -2.10 percent Jan 2026
Industrial Production MoM -2.80 1.20 percent Jan 2026
Manufacturing Production -2.50 -2.70 percent Jan 2026
Mining Production -2.80 2.00 percent Jan 2026
Steel Production 3000.00 3400.00 Thousand Tonnes Feb 2026
Auto Sales YoY 88039.00 75362.00 Units Feb 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
101.00 104.10 123.30 52.60 1987 - 2026 points Monthly
NSA

News Stream
Turkey Business Morale Eases in March
Turkey’s manufacturing industry confidence index fell to 101 in March 2026, retreating from an eleven-month high of 104.1 in the previous month. The latest reading also marked the lowest level since December, driven by broad-based decline across components, particularly expectations for output over the next three months (117 vs 120.4 in February). Export order expectations also eased to 114.3 from 115.6, while anticipated total orders slipped to 101.2 from 103.9, pointing to moderating demand prospects. Labor market sentiment weakened slightly, with employment expectations edging down to 102.8 from 103.5. At the same time, firms turned more cautious on investment, as expectations for fixed investment expenditure declined to 105.0 from 108.5. Current conditions also softened, with total orders falling to 84.3 from 87.9 and stocks of finished goods decreasing to 98.4 from 100.7. Meanwhile, sentiment on the general business situation dropped notably to 84.8 from 92.5.
2026-03-24
Turkey Business Morale Strongest in 11 Months
Turkey’s manufacturing industry confidence index rose to 104.1 in February 2026, its highest level since March 2025, up from 101.6 in January. Most subcomponents improved, led by the expected volume of output over the next three months, which jumped to 120.4 from 111.4. Employment expectations also rose (103.5 vs 102.6), alongside stronger assessments of order books: current orders increased to 87.9 from 86.1, while expectations for orders over the next three months climbed to 103.9 from 102.1. Export order expectations strengthened as well (115.6 vs 107.8), and stocks of finished goods edged up slightly (100.7 vs 100.5), pointing to stable inventory conditions. Sentiment toward fixed investment expenditure also improved (108.5 vs 107.8). Meanwhile, views on the general business situation eased (92.5 vs 94.1), reflecting cautious optimism amid lingering uncertainties.
2026-02-20
Turkey Business Confidence Highest in 9 Months
Turkey’s manufacturing industry confidence index climbed to 101.6 in January 2026 from 100.8 in the previous month, pointing to a modest improvement in overall sentiment across the sector. This marked the highest reading since April last year, driven by firmer production and demand expectations, with the volume of output over the next three months rising to 111.4 from 110.0 in December, while expectations for employment also strengthened (102.6 vs 101.4). Assessments of order books showed mixed signals, as the total amount of current orders remained weak (86.1 vs 86.3), while expectations improved for orders over the next three months (102.1 vs 100.8) and export orders (107.8 vs 110.0). Firms also reported a higher stock of finished goods (100.5 vs 99.4), suggesting easing inventory pressures. Additionally, sentiment toward fixed investment expenditure firmed notably (107.8 vs 105.6), and views on the general business situation improved (94.1 vs 92.9).
2026-01-22