The Real Sector Confidence Index published by the Central Bank dropped for a seventh consecutive month in November, falling from 102.4 points in October to 101.0 points, its lowest level in 11 months. As a result, the index is now barely above the 100-point threshold that separates optimistic from pessimistic territory. At the current level, business sentiment is 1.3 points below the levels observed in the same month last year. Although the deterioration in business confidence was broad-based, it was mainly driven by a drop in exports orders for the next three months as well as a decline in the total amount of orders in the past three months.
Turkey Business Confidence
Business confidence continues to fall in November
November 26, 2012
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Turkey Business Confidence Chart
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).
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.