Turkey’s manufacturing confidence index rose to 103.3 in May 2026 from a seven-month low of 100.6 in the previous month. It marked the highest reading since February, driven largely by stronger expectations for output over the next three months, which edged up to 114.3 from 114.0, while export order expectations jumped to 116.3 from 112.0. Expectations for employment over the same period also strengthened to 105.4 from 103.7. Moreover, assessments of total current orders improved to 87.5 from 86.5, although assessments of finished goods inventories eased slightly to 97.4 from 97.5. Elsewhere, expectations for fixed investment expenditure increased to 109.8 from 109.3, while perceptions of the general business climate surged to 90.4 from 79.9, pointing to a broader improvement in industrial sentiment. source: Central Bank of the Republic of Turkey

Business Confidence in Turkey increased to 103.30 points in May from 100.60 points in April of 2026. Business Confidence in Turkey averaged 99.98 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 May of 2026.

Business Confidence in Turkey increased to 103.30 points in May from 100.60 points in April of 2026. Business Confidence in Turkey is expected to be 101.50 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 108.00 points in 2027 and 110.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-21 07:00 AM
Business Confidence
Apr 100.6 101 100.1
2026-05-22 07:00 AM
Business Confidence
May 103.30 100.6 100.8
2026-06-19 07:00 AM
Business Confidence
Jun 103.30 101.5


Related Last Previous Unit Reference
Bankruptcies 3162.00 1854.00 Companies Apr 2026
Business Confidence 103.30 100.60 points May 2026
Capacity Utilization 74.20 73.80 percent May 2026
Auto Production YoY 126546.00 106572.00 Units Apr 2026
Car Registrations 182034.00 159931.00 Units Apr 2026
Changes in Inventories 415972474.00 250512592.00 TRY Thousand Dec 2025
Composite Leading Indicator 100.10 100.32 points Apr 2026
Corruption Index 31.00 34.00 Points Dec 2025
Corruption Rank 124.00 107.00 Dec 2025
Electricity Production 26040.91 30549.56 Gigawatt-hour Feb 2026
Industrial Production YoY -1.10 2.20 percent Mar 2026
Industrial Production MoM -0.80 2.60 percent Mar 2026
Manufacturing Production 1.30 2.40 percent Mar 2026
Mining Production 5.60 4.10 percent Mar 2026
Steel Production 3300.00 3300.00 Thousand Tonnes Apr 2026
Auto Sales YoY 104298.00 101997.00 Units Apr 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
103.30 100.60 123.30 52.60 1987 - 2026 points Monthly
NSA

News Stream
Turkey Business Morale Hits 3-Month High
Turkey’s manufacturing confidence index rose to 103.3 in May 2026 from a seven-month low of 100.6 in the previous month. It marked the highest reading since February, driven largely by stronger expectations for output over the next three months, which edged up to 114.3 from 114.0, while export order expectations jumped to 116.3 from 112.0. Expectations for employment over the same period also strengthened to 105.4 from 103.7. Moreover, assessments of total current orders improved to 87.5 from 86.5, although assessments of finished goods inventories eased slightly to 97.4 from 97.5. Elsewhere, expectations for fixed investment expenditure increased to 109.8 from 109.3, while perceptions of the general business climate surged to 90.4 from 79.9, pointing to a broader improvement in industrial sentiment.
2026-05-22
Turkey Business Mood Hits 7-Month Low
Turkey’s manufacturing industry confidence index fell to 100.6 in April 2026, the lowest level since September 2025 and down from 101 in the previous month. The decline was driven by softer expectations across key forward-looking components, particularly output over the next three months, which eased to 114 from 117 in March. Export order expectations also weakened (112 vs114.3), while anticipated total orders edged slightly higher (101.6 vs101.2), suggesting only marginal improvement in demand prospects. Employment expectations showed a modest uptick (103.7 vs 102.8), indicating some resilience in hiring plans. Firms, however, turned more optimistic on investment, with fixed investment expenditure expectations rising to 109.3 from 105. Current conditions improved slightly, as total orders increased (86.5 vs 84.3), while stocks of finished goods dipped (97.5 vs 98.4). Meanwhile, sentiment on the general business situation deteriorated notably to 79.9 from 84.8.
2026-04-21
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