Turkey Business Confidence

Turkey

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.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 2.4% expansion in 2015, which is down 0.1 percentage points compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate to 4.4%.


Author: Angela Bouzanis, Senior Economist

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Turkey Business Confidence June 2015

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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