The Real Sector Confidence Index published by the Central Bank fell from 113.6 points in January to 111.0 points in February, remaining 5.8 points above the level observed in the same month the previous year. Confidence has remained above the 100-point threshold that separates optimistic from pessimistic territory since January 2010, suggesting that high confidence in the business community continues to support fixed investment growth. The deterioration in business sentiment reflected decreasing optimism regarding total orders in the past three months, which suggests that activity can moderate in the first quarter of 2011. However, respondents were more upbeat regarding output for the next three-month period, pointing to a pick-up in overall economic activity from the second quarter onwards.
Turkey Business Confidence
Business confidence drops in February
February 21, 2011
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Turkey Economic News
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.
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.