The Central Bank's Real Sector Confidence Index, which tracks short-term tendencies in the manufacturing industry, dropped from 114.1 points in July to 109.8 points in August. With the monthly drop, the index moved closer to the 100-point threshold that separates optimistic from pessimistic territory, suggesting weakening conditions within the business community. Nonetheless, the index remains in optimistic territory, which indicates fixed investment growth will remain positive going forward. The deterioration in business sentiment reflected rising pessimism regarding current total orders as well as concerns over output volume in the coming quarter, which suggests softer economic activity at the outset of the third. In addition, fixed investment expenditures deteriorated after last month's improvement.
Turkey Business Confidence
Business confidence deteriorates further in August
August 25, 2011
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Turkey Economic News
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, increased slightly to 48.3 in September from August’s 47.0, which had marked a multi-year low.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.