Turkey Business Confidence February 2021

Turkey

Turkey: Business confidence improves

February 22, 2021

Business confidence in Turkey rose to 109.3 in February, a 33-month high, from January’s 107.0. Moreover, the index moved further north of the 100-threshold, as optimism among businesses grew.

The uptick in the headline reading reflected an improvement expected output, employment, and export orders in the next three months. On the other hand, easing sentiment regarding stocks of finished goods at present as well as views on order books in the past three months weighed on the index.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase 4.4% in 2021, which is unchanged from last month’s forecast, and to expand 5.4% in 2022.


Author:, Economist

Sample Report

Looking for forecasts related to Business Confidence in Turkey? Download a sample report now.

Download

Turkey Business Confidence Chart


Turkey Business Confidence February 2021

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)


Turkey Economic News

More news

Search form