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Turkey Business Confidence March 2023

Turkey: Business confidence hits highest reading since June 2022 in March

Business confidence came in at 105.2 in March, up from February’s 102.4. March’s result marked the best reading since June 2022. The index lies above the 100-threshold, pointing to improving sentiment among businesses.

The improvement was broad-based, with firm growing more optimistic regarding current operating conditions, as well as with the volume of orders and output in the next three months. However, expectations of employment in the coming months deteriorated.

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