Turkey Business Confidence

Turkey’s manufacturing industry confidence index climbed to 101.6 in January 2026 from 100.8 in the previous month, pointing to a modest improvement in overall sentiment across the sector. This marked the highest reading since April last year, driven by firmer production and demand expectations, with the volume of output over the next three months rising to 111.4 from 110.0 in December, while expectations for employment also strengthened (102.6 vs 101.4). Assessments of order books showed mixed signals, as the total amount of current orders remained weak (86.1 vs 86.3), while expectations improved for orders over the next three months (102.1 vs 100.8) and export orders (107.8 vs 110.0). Firms also reported a higher stock of finished goods (100.5 vs 99.4), suggesting easing inventory pressures. Additionally, sentiment toward fixed investment expenditure firmed notably (107.8 vs 105.6), and views on the general business situation improved (94.1 vs 92.9).