Turkey: Business confidence hits a four-month high in November
November 24, 2015
After falling in August to the lowest level since December 2012 due to increased political unrest, the Real Sector Confidence Index published by the Central Bank hit the highest print in four months in November. The index rose from October’s 100.5 to 105.2 in November. Business confidence remains above the 100-point threshold and indicates an optimistic outlook for business conditions.
November’s result showed that businesses were much more optimistic regarding the general business situation in Turkey as well as fixed investment expectations and the total amount of orders over the past three months. In addition, firms were less pessimistic regarding the total volume of orders. In contrast, firms’ views regarding export orders in the next three months deteriorated compared to the previous month.