Turkey: Business confidence hits 11-month high
April 30, 2012
The Real Sector Confidence Index published by the Central Bank increased from 112.9 points in March to 116.0 points in April, its highest level since May 2011. Thus, the index remains above the 100-point threshold that separates optimistic from pessimistic territory for a fourth consecutive month. Nevertheless, at the current level, business sentiment is still 0.7 points below the levels observed in the same month last year. The rise in business sentiment was broad-based, with most of the categories improving over the previous month. In particular, export orders for the past three months as well as the expected level of employment for the next three months experienced the sharpest increases.