The Real Sector Confidence Index published by the Central Bank plunged from 112.4 points in September to 101.9 points in October, thus marking the lowest level since January 2010. With the monthly drop - the largest since November 2008 - the index moved closer the 100-point threshold that separates optimistic from pessimistic territory, suggesting softer investment growth. The deterioration in business sentiment reflected rising pessimism regarding export orders, as well as output volume, in the next three months. In addition, fixed investment expenditures dropped sharply after improving in September.
Turkey Business Confidence
Business confidence plunges in October
October 24, 2011
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Turkey Economic News
October 21, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, decreased slightly from 74.3 in September to 74.0 in October.
October 20, 2016
At its 20 October monetary policy meeting, the Central Bank of the Republic of Turkey (CBRT) decided to keep the marginal funding rate unchanged at 8.25%.
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.