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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Manufacturing Confidence climbed to 103.5 in May 2026
FMPMonthlyReleased June 2026
Turkey Manufacturing Confidence climbed to 103.5 in May 2026, released June 2026, up 0.2 from April's 103.3 reading.
Latest Release
103.500000
Actual
—
Consensus
103.300000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.43 | FOREX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| USD/TRY | ▲ Direct | +0.28 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.27 | COMMODITIES | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.26 | CRYPTO | Moves against | → 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 103.50 in June 2026. The reading rose from the previous value of 103.30. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 101.68, ranging from 100.20 to 104.10 across 9 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 102.60, up from the prior three at 101.90. Volatility over the past year (σ 1.41) is comparable than the prior year (σ 1.44).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500).
WHAT TO WATCH NEXT
The next release is scheduled for August 21, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Aug 3) and Inflation Rate YoY (Aug 3).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (Jun 2026): actual 103.5. Prior reading (May 2026): 103.3. Before that (Apr 2026): 100.6.
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 tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bullish EUR, r=0.43) — a useful reference for forex-focused traders.
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Economic Calendar - TR Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Unemployment Rate | 7.6 | 8.1 | 8.4 | 8.00 | Medium |
| 07:00 | TR | Participation Rate | 52.9 | 52.8 | 52.8 | 52.85 | Low |
| 07:00 | TR | Economic Confidence Index | 99.8 | 98.9 | 98.4 | 99.10 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | TR | Tourism Revenues | 15.9 | 9.9 | 18 | 16.95 | Low |
| 07:00 | TR | Exports | 24.9 | 22.4 | 24.94 | 25.91 | Low |
| 07:00 | TR | Imports | 35.3 | 28.1 | 35.3 | 36.40 | Low |
| 07:00 | TR | Balance of Trade | -10.37 | -5.65 | -10.4 | -10.52 | Medium |
| 08:00 | TR | Tourist Arrivals YoY | -4.02 | -3.58 | -3 | -3.51 | Low |