Turkey Business Confidence September 2016

Turkey

Turkey: Business confidence recovers in September

The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September. Business sentiment fell to a seven-month low in August as July’s failed coup fueled uncertainty among businesses. The index is above the 100-threshold and indicates an optimistic outlook for business conditions.

September’s result showed that businesses are becoming more optimistic as nearly all the categories that comprise the index gained ground compared to the previous month’s result. The total amount of orders in the previous three months increased and export orders hit a four-month high. Moreover, the general business situation also improved in September. Conversely, total employment deteriorated to the lowest level in seven months.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 1.3% in 2016, which is down 1.4 percentage points compared to last month’s estimate. In 2017, panelists expect investment growth of 2.7%.


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Turkey Business Confidence Chart


Turkey Business Confidence September 2016

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).


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