The Real Sector Confidence Index published by the Central Bank increased from 112.9 points in March to 116.0 points in April, its highest level since May 2011. Thus, the index remains above the 100-point threshold that separates optimistic from pessimistic territory for a fourth consecutive month. Nevertheless, at the current level, business sentiment is still 0.7 points below the levels observed in the same month last year. The rise in business sentiment was broad-based, with most of the categories improving over the previous month. In particular, export orders for the past three months as well as the expected level of employment for the next three months experienced the sharpest increases.
Turkey Business Confidence
Business confidence hits 11-month high
April 30, 2012
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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.