Turkey Business Confidence January 2017

Turkey

Turkey: Business confidence falls to over seven-year low in December

January 25, 2017

Turkey's Real Sector Confidence Index published by the Central Bank dropped from 98.4 in December to 97.0 in January, the lowest figure in over seven years and below the 100-point threshold which separates pessimistic from optimistic sentiment among firms.

January’s result continued December’s precipitous drop and was driven by a deterioration in almost all the sub-categories of the index, with the general business situation, total employment and volume of total orders sub-categories suffering particularly large falls compared to the prior month. Export orders bucked the trend with a substantial improvement in January relative to December.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 0.9% in 2017, which is down 0.7 percentage points from last month’s estimate. In 2018, panelists expect fixed investment to grow 3.3%.


Author:, Economist

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Turkey Business Confidence January 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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