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.

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Turkey Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-23 07:00 AM May 109.4 109.7 109.4
2022-06-24 07:00 AM Jun 106.4 109.4 109.2
2022-07-25 07:00 AM Jul 106.4 108.7


Related Last Previous Unit Reference
Business Confidence 106.40 109.40 points Jun 2022
Capacity Utilization 77.60 78.00 percent Jun 2022
Leading Economic Index 6.34 6.71 percent May 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
106.40 109.40 123.30 52.60 1987 - 2022 points Monthly
NSA

News Stream
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
Turkey Business Sentiment Improves in April
The manufacturing confidence index in Turkey rose by 1.2 points from to previous month to 109.7 in April of 2022. Significant improvements were recorded for sentiment regarding the general business situation (83.6 vs 79.2 in March), Fixed investment expenditure (129 vs 124.4), and the current amount of stocks of finished goods (97.9 vs 95.8). Meanwhile, expectations over the next three months deteriorated regarding volume of output (123.5 vs 125.9), employment (113.9 vs 115.8), and exports orders (123.4 vs 124.1)
2022-04-25