Turkey Business Confidence


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.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 2.6% expansion in 2015, which is up 0.1 percentage points compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate 2.5%, which is also up 0.1 percentage points from the previous month’s forecast.

Author: Angela Bouzanis, Senior Economist

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Turkey Business Confidence Chart

Turkey Business Confidence November 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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