Turkey’s manufacturing confidence dips in September

Turkey’s manufacturing industry confidence index edged down to 100.2 in September 2025 from 100.6 in August, reflecting softer sentiment on the current stock of finished goods (98.5 vs. 102.1) and the general business situation (90.9 vs. 91.5).

Forward-looking indicators also weakened, including expectations for output over the next three months (110.7 vs. 116.1), employment (99.3 vs. 100.2), and export orders (112.2 vs. 112.3).

Conversely, confidence improved in total orders over the past three months (101.2 vs. 100.1), fixed investment expenditure (106.5 vs. 102.6), and current total orders (82.0 vs. 80.3), providing some offset to the broader slowdown.