Turkey Business Confidence  Forecast


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Business Confidence in Turkey is expected to be 106.90 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 100.08 in 12 months time. In the long-term, the Turkey Business Confidence is projected to trend around 104.00 in 2020, according to our econometric models.


Turkey Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 110 107 107 107 100 104
Manufacturing PMI 52.8 53.4 53 52.9 50.92 51
Industrial Production 10.4 3.1 2.8 2.8 5.1 2.5
Industrial Production Mom 0.6 0.9 -0.6 -0.3 0.41 0.5
Manufacturing Production 10.4 2.5 2.4 2.4 5.17 1
Capacity Utilization 79.7 76.4 76.29 75.38 74.93 78
Changes in Inventories -202766 -921000 -2004955 -681744 3472321 -739000
Bankruptcies 1375 1900 837 790 761 1710
Total Vehicle Sales 91752 162000 67479 63697 60075 169000
Car Production 156303 157500 159700 144500 137800 165400
Car Registrations 86497 130000 104479 100510 98279 135000
Leading Economic Index 5.29 5.5 5.1 4.8 0.61 4.4
Internet Speed 7558 7454 7367 7271 7165 6113
IP Addresses 8079762
Steel Production 3001 2710 3049 3042 3035 2730
Mining Production 4.6 -2.2 0.2 0.7 2.5 2
Competitiveness Index 4.42 4.39 4.42 4.42 4.33 4.47
Competitiveness Rank 53 55 54 54 58 52
Ease of Doing Business 60 68 70 72 74 65
Electricity Production 24122 23800 24550 25058 24475 24700
Corruption Index 41 42 43 43 42 45
Corruption Rank 75 74 73 73 71 71