FX.co ★ Turkish Business Morale at 4-Month Low

Turkey's manufacturing confidence index fell to 101.4 in May 2025, marking its lowest level since January of the same year, down from 103.2 in the prior month. This decline was largely influenced by reduced export expectations, which decreased to 113.7 from 118.2, and a decrease in fixed investment spending, which dropped to 104.9 from 107.9. Additionally, stocks of finished goods declined to 97 from 102.1. Sentiment concerning production expectations also saw a reduction, slipping to 117.1 from 118.2, along with a decrease in the total amount of orders, which fell to 104.5 from 105.3. Conversely, there was a slight improvement in sentiment towards employment, which increased to 103.3 from 102.1, and general business conditions experienced a modest uptick to 87.8 from 86.