Turkey Business Confidence May 2017

Turkey

Turkey: Business confidence dips in May

May 23, 2017

The Real Sector Confidence Index published by the Central Bank dipped to 109.2 in May from April’s 111.2. However, as the index remains above the 100-point threshold, this indicates continued optimism among firms.

May’s less favorable result was driven by a deterioration in firms’ views regarding future domestic- and export-oriented new orders, as well as worse expectations on production. Nonetheless, companies’ perspectives on employment, unit costs and selling prices improved, signifying that the decline from the previous month was not broad-based.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 1.3% in 2017, which is from last month’s estimate. In 2018, panelists expect fixed investment to grow 2.8%.


Author:, Economist

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Turkey Business Confidence May 2017

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).


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