The Real Sector Confidence Index published by the Central Bank dropped from 117.2 points in May to 114.6 points in June, which marked the first drop since March. With the June drop, the index edged closer to the 100-point threshold that separates optimistic from pessimistic territory, suggesting weakening confidence within the business community. Nonetheless, the index remains in optimistic territory, which bodes well for fixed investment growth. The deterioration in business sentiment reflected rising pessimism regarding total current orders as well as export orders in the next three months, suggesting softer economic activity during the second quarter. In addition, fixed investment expenditures deteriorated for the second consecutive month but remain in optimistic territory.
Turkey Business Confidence
Business confidence dips in June
June 24, 2011
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Turkey Economic News
October 25, 2016
The Real Sector Confidence Index published by the Central Bank decreased from September’s 106.5 to 101.7 in October, the lowest reading in one year.
October 21, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, decreased slightly from 74.3 in September to 74.0 in October.
October 20, 2016
At its 20 October monetary policy meeting, the Central Bank of the Republic of Turkey (CBRT) decided to keep the marginal funding rate unchanged at 8.25%.
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.