Turkish Business Morale Weakens in April

The manufacturing confidence index in Turkey dropped to 103.2 in April 2025, down from a ten-month high of 104.1 in March.

The decline was driven by weaker expectations for production (118.2 vs.

124) and employment (102.1 vs.

104.3) over the next three months.

Sentiment regarding general business conditions also deteriorated (86 vs.

96.5).

On the other hand, views improved for current order volumes (85.8 vs.

84.4), stocks of finished goods (102.1 vs.

99.7), export expectations (118.2 vs.

117.7), and fixed investment spending (107.9 vs.

107.1).