Turkey Business Confidence September 2022

Turkey

Turkey: Business sentiment sours in September

September 26, 2022

Business confidence turned into pessimism at the close of the third quarter, with Real Sector Confidence Index falling to 99.9 in September from 102.1 in August. As such, the index fell below the 100-threshold separating pessimism from optimism among businesses.

The deterioration was driven by greater pessimism regarding order books at present and the past three months, and stocks of finished goods at present. Furthermore, views regarding expected output, employment and export orders in the next three months became less optimistic.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase 0.2% in 2022, which is unchanged from last month’s forecast, and to expand 1.8% in 2023.


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Turkey Business Confidence September 2022

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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