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21.04.202607:10:49UTC+00Turkey Business Mood Hits 7-Month Low

Turkey’s manufacturing industry confidence index declined to 100.6 in April 2026, its lowest level since September 2025, down from 101 in March. The fall reflected softer expectations across key forward-looking components, most notably output over the next three months, which eased to 114 from 117. Export order expectations also weakened (112 vs. 114.3), while anticipated total orders edged slightly higher (101.6 vs. 101.2), pointing to only a marginal improvement in demand prospects.

Employment expectations recorded a modest increase (103.7 vs. 102.8), signaling some resilience in hiring plans. Firms were notably more optimistic on investment, with fixed investment expenditure expectations rising to 109.3 from 105.

Current conditions showed a slight improvement: total orders rose (86.5 vs. 84.3), while stocks of finished goods declined (97.5 vs. 98.4). However, sentiment regarding the general business situation deteriorated markedly, falling to 79.9 from 84.8.

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