The Real Sector Confidence Index published by the Central Bank rose from 116.7 points in April to 117.2 points in May, which marked the highest level since the post-crisis peak of 119.3 recorded in April last year. With the May increase, the index moved further above the 100-point threshold that separates optimistic from pessimistic territory, suggesting that confidence within the business community will continue to support fixed investment growth. The improvement in business sentiment reflected rising optimism regarding total current orders as well as orders in the past three months, suggesting strong economic activity during the second quarter. That said, these positive results were partially offset by a slight fall in the perception regarding fixed investment expenditures, which nonetheless remains in optimistic territory.
Turkey Business Confidence
Business confidence rises to one-year high in May
May 24, 2011
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Turkey Economic News
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.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.