Turkey’s Real Sector Confidence Rises in October

The Central Bank of the Republic of Turkey (CBRT) has released the Real Sector Confidence Index (RKGE) data for October 2025, revealing a modest but positive increase in business sentiment across the manufacturing sector.

Confidence Index Climbs to 102 Points (Seasonally Adjusted)

According to the report, the unadjusted Real Sector Confidence Index rose by 0.6 points from the previous month to reach 100.8, while the seasonally adjusted index (RKGE-MA) increased by 1.2 points to 102, signaling continued optimism among industrial firms.

The CBRT stated that the following components contributed positively to the index:

• Current stock of finished goods

• Current total orders

• Expected employment over the next three months

• Expected production volume

• General outlook

• Fixed investment expenditures

• Expected export orders

However, evaluations related to total orders received in the past three months had a slight negative impact on the overall index.

Manufacturing Capacity Utilization Inches Up

The survey was based on responses from 1,828 manufacturing firms participating in the CBRT’s Economic Tendency Survey for October 2025.

The seasonally adjusted Capacity Utilization Rate (CUR-MA) in the manufacturing sector increased by 0.2 percentage points to 74%.
Meanwhile, the unadjusted Capacity Utilization Rate (CUR) also rose by 0.2 points, reaching 74.2%.

Gradual Recovery in Business Confidence

The latest data indicates a steady recovery in industrial confidence as firms expect improvements in production, employment, and exports heading into the final quarter of 2025. Economists note that readings above 100 suggest a generally optimistic outlook, marking continued resilience in Turkey’s manufacturing base despite tight financing conditions and external demand challenges.