The Real Sector Confidence Index published by the Central Bank rose from 111.0 points in February to 114.8 points in March, remaining 2.7 points above the level observed in the same month the previous year. Confidence has lingered above the 100-point threshold that separates optimistic from pessimistic territory since January 2010, suggesting that strong sentiment within the confidence in the business community will continue to support fixed investment growth. The improvement in business sentiment reflected increasing optimism regarding the economic situation over the next three months, as all three forward looking components ? volume of output, total employment and export orders for the following three-month period ? increased over the previous month. Moreover, business sentiment is quickly approaching both the record high value of 119.5 tallied in April 2007 as well as the post-crisis high of 119.3 tallied in April 2010. That said the elevated level of optimism points to investment remaining a strong growth driver in Q1 2011.
Turkey Business Confidence
Business confidence rises towards record high
March 25, 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.