FX.co ★ Turkish Business Morale Weakens Further to 6-Month Low

In June 2025, manufacturing confidence in Turkey experienced a decline, falling to 100.3 from the prior month's four-month low of 101.4. This represents the most subdued level of confidence since January and is attributed to diminished expectations for exports (down to 112.5 from 113.7), output volume (slipping to 114.3 from 117.1), and overall employment (declining to 102.1 from 103.3) over the upcoming three months. Additionally, sentiment towards the volume of orders over the past three months weakened significantly, dropping to 100.6% from 104.5%. Conversely, there was a slight improvement in the evaluation of the current stocks of finished goods, increasing to 98.8 from 97. Meanwhile, the index for fixed investment expenditure showed a modest rise, reaching 105.1 from 104.9, although the perception of the general business climate worsened to 85.4 from 87.8.