The Real Sector Confidence Index published by the Central Bank dropped from 102.3 points in November to 97.2 points in December, its lowest level since December 2009 and the first time in two years in which the index has fallen below the 100-point threshold that separates optimistic from pessimistic territory. The slide in business confidence suggests worsening prospects for investment growth in the coming months. The deterioration in business sentiment was broad-based, with most of the categories falling over the previous month. The volume of output for the next three months, as well as the total amount of orders for the past three months, suffered the sharpest declines.
Turkey Business Confidence
Business confidence enters pessimistic territory for first time in two years
December 26, 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.