Turkey: Business confidence increases in November
November 24, 2016
The Real Sector Confidence Index published by the Central Bank of Turkey increased from October’s 101.7 to 103.7 in November. The index remains above the 100-threshold, indicating an optimistic outlook for business conditions.
November’s result reflected an improvement in most of the categories that comprise the index. The sub-index representing the general business situation increased in November and recovered from the lowest reading in a year. Moreover, total orders picked up and hit the highest figure in four months. Conversely, total employment decreased in November compared to the previous month.
Author: Dirina Mançellari, Senior Economist