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.