The Real Sector Confidence Index published by the Central Bank dropped for a third consecutive month, falling from 108.1 points in June to 107.3 in July. Despite the deterioration, the index remains above the 100-point threshold that separates optimistic from pessimistic territory for a seventh consecutive month. That said, at the current level, business sentiment is 6.9 points below the levels observed in the same month last year. The deterioration in business confidence was mainly driven by a decline in the volume of output expected for the next three months as well as the level of export orders expected for the next three months.
Turkey Business Confidence
Business confidence falls again in July
August 1, 2012
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Turkey Business Confidence Chart
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).
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.