The manufacturing confidence index in Turkey dropped by 0.5 points from the previous month to 113.4 in September of 2021. It was the lowest reading since June, amid a further deterioration in expectations over the next three months regarding output (128.3 vs 131.6 in August), employment (115.2 vs 115.7) and export orders (123.9 vs 129.6). The general business situation index fell sharply to 98.7 from 105.6, while the gauge for fixed investment expenditure went up to 123.1 from 120.5 in the previous month. source: Central Bank of the Republic of Turkey
Business Confidence in Turkey averaged 99.54 points from 1987 until 2021, 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 September of 2021.
Business Confidence in Turkey is expected to be 111.50 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 110.00 points in 2022 and 106.00 points in 2023, according to our econometric models.