The Real Sector Confidence Index published by the Central Bank rose from 106.4 points in December to 113.6 points in January, remaining 9.4 points above the level observed in the same month the previous year. Confidence has remained above the 100-point threshold that separates optimistic from pessimistic territory since January 2010, suggesting that the economic recovery remains firmly entrenched. The improvement in business sentiment reflected increasingly optimistic perceptions regarding export orders for the next three months, based on the weakening of the Turkish lira over the last two months. Respondents were also more upbeat regarding the volume of output for the next quarter, which suggests that the strong momentum of the Turkish economy will persist in the first quarter of 2011.
Turkey Business Confidence
Business confidence rises in January
January 21, 2011
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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.