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). source: Central Bank of the Republic of Turkey
Business Confidence in Turkey averaged 99.74 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 June of 2022.
Business Confidence in Turkey is expected to be 109.20 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.