Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Turkey
BSCICP02TRM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.56
Year-over-Year Change
-33.36%
Date Range
2/1/1991 - 6/1/2025
Summary
The Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Turkey measures the overall business confidence of manufacturers in Turkey. This trend is a key indicator of economic conditions and outlook in the Turkish manufacturing sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Business Tendency Surveys (Manufacturing) composite indicator aggregates survey responses from manufacturers in Turkey to assess their views on factors like production, orders, and employment. It provides insight into the broader health and sentiment of the Turkish industrial economy.
Methodology
The data is collected through monthly business surveys conducted by the Turkish Statistical Institute.
Historical Context
This confidence index is used by policymakers, investors, and analysts to gauge the state of the Turkish manufacturing industry and broader economic activity.
Key Facts
- The index ranges from 0 to 200, with 100 representing a neutral/balanced outlook.
- Turkey is a major manufacturing hub and exporter in the EMEA region.
- Business confidence is a leading indicator of production, investment, and employment.
FAQs
Q: What does this economic trend measure?
A: The Business Tendency Surveys (Manufacturing) composite indicator measures the overall confidence and sentiment of manufacturers in Turkey.
Q: Why is this trend relevant for users or analysts?
A: This confidence index provides valuable insight into the health and outlook of the Turkish manufacturing sector, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly business surveys conducted by the Turkish Statistical Institute.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts use this confidence index to gauge the state of manufacturing activity and broader economic conditions in Turkey.
Q: Are there update delays or limitations?
A: The data is released monthly, with some potential for short delays in publication.
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Citation
U.S. Federal Reserve, Business Tendency Surveys (Manufacturing): Confidence Indicators: Composite Indicators: National Indicator for Turkey (BSCICP02TRM460S), retrieved from FRED.