The Real Sector Confidence Index published by the Central Bank fell from 116.0 points in April to 113.8 points in May. Despite the deterioration, the index remains above the 100-point threshold that separates optimistic from pessimistic territory for a fifth consecutive month. Nevertheless, at the current level, business sentiment is still 3.4 points below the levels observed in the same month last year. The decline in business confidence was broad-based, with most of the categories deteriorating over the previous month. In particular, export orders for the next three months as well as the expected level of employment for the next three months experienced the sharpest declines.
Turkey Business Confidence
Business confidence falls in May
June 5, 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.