The manufacturing confidence index in Turkey fell by 2.7 points from the previous month to 103.7 in July 2022, the lowest since July 2020. The reading reflected a sharp deterioration in nearly all gauges, as the country faces decades-high inflation and a currency crisis. Sentiment deteriorated for the total amount of orders (85.8 vs 91.8 in June), volume of output in the next three months (114.7 vs 116.9), employment in the next three months (112.4 vs 117.8), export orders (123.9 vs 127.7), and the general business situation (78.2 vs 79.4). On the other hand, the current situation regarding the amount of stocks of finished goods was slightly higher (93.9 vs 93.2). source: Central Bank of the Republic of Turkey

Business Confidence in Turkey averaged 99.75 points from 1987 until 2022, 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 August of 2022.

Business Confidence in Turkey is expected to be 107.50 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 106.00 points in 2023, according to our econometric models.

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Turkey Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-06-24 07:00 AM Jun 106.4 109.4 109.2
2022-07-25 07:00 AM Jul 103.7 106.4 108.7
2022-08-25 07:00 AM Aug 103.7 108.3


Related Last Previous Unit Reference
Business Confidence 103.70 106.40 points Jul 2022
Capacity Utilization 78.20 77.60 percent Jul 2022
Leading Economic Index 5.44 6.34 percent Jun 2022

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
103.70 106.40 123.30 52.60 1987 - 2022 points Monthly
NSA

News Stream
Turkey Business Morale at 2-Year Low
The manufacturing confidence index in Turkey fell by 2.7 points from the previous month to 103.7 in July 2022, the lowest since July 2020. The reading reflected a sharp deterioration in nearly all gauges, as the country faces decades-high inflation and a currency crisis. Sentiment deteriorated for the total amount of orders (85.8 vs 91.8 in June), volume of output in the next three months (114.7 vs 116.9), employment in the next three months (112.4 vs 117.8), export orders (123.9 vs 127.7), and the general business situation (78.2 vs 79.4). On the other hand, the current situation regarding the amount of stocks of finished goods was slightly higher (93.9 vs 93.2).
2022-07-25
Turkey Business Morale at 6-Month Low
The manufacturing confidence index in Turkey fell by 3 points to 106.4 in June of 2022 from 109.4 a month earlier, the lowest since last December. The reading reflected a sharp deterioration in the gauges for total amount of orders in the past three months (105.9 vs 114.5 in May), in the general business situation (79.4 vs 87.2), and in the output volume expected in the coming three months (116.9 vs 123.0). To a lesser degree, survey respondents were also more pessimistic about export orders in the next three months (118.7 vs 120.6). On the other hand, the gauge for the stock of finished goods declined (93.2 vs 95.0) and the employment indicator edged higher (117.8 vs 117.1).
2022-06-24
Turkey Business Mood Inches Lower
The manufacturing confidence index in Turkey edged down 0.3 points to 109.4 in May of 2022 from 109.7 a month earlier, and remaining well below an over nine-year high of 114.8 hit in July 2020. The gauge fell for fixed investment expenditure (125.7 vs 129.0 in April), current amount of stocks of finished goods (95.0 vs 97.9), and exports orders (117.3 vs 120.7). Meantime, sentiment strengthened for the general business situation (87.2 vs 83.6), along with expectations over the next three months regarding volume of output (117 vs 116), and total employment (115.7 vs 111.6).
2022-05-23