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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Manufacturing Confidence climbed to 103.3 in April 2026
FMPMonthlyReleased May 2026
Turkey Manufacturing Confidence climbed to 103.3 in April 2026, released May 2026, up 2.7 from March's 100.6 reading.
Latest Release
103.300000
Actual
—
Consensus
100.600000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.43 | COMMODITIES | Bullish XAU | → View |
| BTC/USD | ▼ Inverse | −0.32 | CRYPTO | Bearish BTC | → View |
| USD/TRY | ▲ Direct | +0.31 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Manufacturing Confidence (Turkey) was reported at 103.30 in May 2026. The reading rose from the previous value of 100.60. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 101.21, ranging from 100.20 to 104.10 across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 102.80, up from the prior three at 100.80.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for June 19, 2026. Same-country events in the next 14 days include Business Confidence (Jun 19) and Consumer Confidence (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Manufacturing Confidence - TR
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About Manufacturing Confidence — Turkey
DEFINITION
Index The Manufacturing Confidence Index is a key financial indicator that measures the level of optimism or pessimism among manufacturers about the current and future state of the economy. This index is based on surveys and data collected from manufacturing companies, and is used to gauge the overall health and performance of the manufacturing sector. It provides valuable insights into the sentiment and expectations of industry leaders, making it a crucial tool for investors, policymakers, and businesses to make informed decisions.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 103.3. Prior reading (Apr 2026): 100.6. Before that (Mar 2026): 101.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bullish XAU, r=0.43) — a useful reference for commodities-focused traders.