Turkey Business Confidence May 2022

Turkey

Turkey: Business confidence falls but remains in positive territory in May

May 23, 2022

Business confidence eased to 109.4 in May from April's 109.7. However, the index remained above the 100-threshold, indicating that businesses were optimistic.

The headline print largely reflected a deterioration in sentiment regarding export orders and output in the next three months. In addition, firms' assessments regarding current order books and the general business situation soured.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase 0.9% in 2022, which is unchanged from last month’s forecast, and to expand 3.8% in 2023.


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Turkey Business Confidence May 2022

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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