FX.co ★ Turkish Business Morale Highest in 5 Months

In October 2025, Turkey's manufacturing industry confidence index experienced an upturn, rising to 100.8 from September's 100.2, marking its highest point since May. This increase was primarily fueled by improved sentiment regarding the current stock of finished goods, which climbed to 101.2 from 98.5 the previous month. Additionally, enhancements were observed in the total amount of orders (84 compared to 82), the general business situation (92.4 versus 90.9), and fixed investment expenditure (107.5 as opposed to 106.5). Confidence also showed improvement in total orders over the preceding three months, inching up to 101.4 from 101.2. Nevertheless, the outlook for future indicators showed signs of weakening. There was a decline in export orders, which dropped to 110.3 from 112.2, and in the volume of output, which decreased to 110.1 from 98.5. These declines, however, were slightly counterbalanced by a small rise in the employment outlook, edging up to 99.6 from 99.3.