The Real Sector Confidence Index published by the Central Bank rose from 104.6 points in February to 108.6 points in March. The print marked the highest level since July 2013. As a result of the increase, business sentiment rose even further above the 100-point threshold, which indicates an optimistic outlook for business conditions. The monthly improvement mainly reflects a broad-based recovery, as six of the eight categories of the index gained ground over the previous month. Businesses' views regarding both the expected volume of output as well as export orders for the next three months recorded the largest increases. Conversely, the total amount of orders and the amount of stocks of finished goods experienced a drop. Although the general business situation improved markedly in March, the aforementioned category remained below the 100-point threshold for the fourth consecutive month. FocusEconomics Consensus Forecast panelists see fixed investment growth at 1.4% in 2014, which is down 0.6 percentage points compared to last month's estimate. In 2015, panelists expect investment growth to accelerate to 4.7%.
Turkey Business Confidence
Business confidence jumps to eight-month high in March
March 25, 2014
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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.