The Real Sector Confidence Index published by the Central Bank rose from 109.8 points in August to 112.4 points in September, which marked the strongest improvement since March. With the monthly increase, the index moved further above the 100-point threshold that separates optimistic from pessimistic territory, suggesting improving confidence within the business community, which bodes well for fixed investment growth. The improvement in business sentiment reflected rising optimism regarding export orders as well as output volume in the next three months, suggesting stronger economic activity in the near term. In addition, fixed investment expenditures improved slightly after dropping in August.
Turkey Business Confidence
Businesses more optimistic in September
September 26, 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.