FX.co ★ Turkish Business Morale Weakens in April

In April 2025, Turkey's manufacturing confidence index experienced a decline, falling to 103.2 from a ten-month peak of 104.1 recorded in March. This drop was primarily influenced by reduced expectations regarding production (now at 118.2 compared to 124 previously) and employment (currently 102.1 as opposed to 104.3) over the forthcoming quarter. Additionally, sentiments concerning overall business conditions worsened, sliding from 96.5 to 86. Conversely, there was an improvement in perceptions of current order volumes, which rose to 85.8 from 84.4; stocks of finished goods increased to 102.1 from 99.7; export expectations ticked up slightly to 118.2 from 117.7; and anticipated fixed investment spending grew to 107.9 from 107.1.