Turkey: Business confidence falls in June
June 25, 2015
The Real Sector Confidence Index published by the Central Bank fell from 109.0 in May to 104.9 in June. As a result, business confidence remains above the 100-point threshold, which indicates an optimistic outlook for business conditions.
June’s result showed that businesses were less optimistic regarding the volume of output and exports orders for the next three months. In addition, firms were more pessimistic regarding the general business situation in Turkey. Conversely, firms were more optimistic regarding the total amount of orders for the following three months.