Turkey Business Confidence October 2016

Turkey

Turkey: Business confidence drops in October

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. Despite the drop, the index is above the 100-threshold and indicates an optimistic outlook for Turkish business conditions.

October’s result reflected a deterioration in most of the categories that comprise the index. The sub-index representing the general business situation decreased in October to the lowest reading in a year while total employment deteriorated from the previous month’s reading. Conversely, the total amount of orders in the previous three months increased to a three-month high in October.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 0.9% in 2016, which is unchanged compared to last month’s estimate. In 2017, panelists expect investment growth of 2.1%, which is also unchanged from last month’s estimate.


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Turkey Business Confidence October 2016

Note: Real Sector Confidence Index. Values above 100 indicate an optimistic outlook while values below 100 indicate a pessimistic outlook.
Source: Central Bank of the Republic of Turkey (CBRT).


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