The Real Sector Confidence Index published by the Central Bank dropped for a fifth consecutive month, falling from 104.5 points in August to 103.1 points in September, its lowest level since January. Despite the deterioration, the index remains above the 100-point threshold that separates optimistic from pessimistic territory for an eighth consecutive month. That said, at the current level, business sentiment is now 9.3 points below the levels observed in the same month last year. Although the deterioration in business confidence was broad-based, with most of the sub-categories experiencing declines over the previous month, the current total amount of orders and the amount of orders in the past three month recorded the largest losses.
Turkey Business Confidence
Business confidence falls to lowest level in eight months
September 24, 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 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.