Skyline at golden hour in Turkey

Turkey Business Confidence February 2018

Turkey: Business confidence improves further in February

In spite of lingering concerns over Turkey’s ability to sustain the pace of economic growth recorded last year, business sentiment improved early this year on the back of stronger economic conditions in the near-term. The Real Sector Confidence Index published by the Central Bank rose from 108.3 in January to 110.8 in February, a four-month high. As a result, the index sits further above the 100-point threshold that separates optimism from pessimism among firms, where it has been for a year.

The increase in the headline figure reflected a more positive assessment of the economy’s current and future situation. Firms’ view on current order logs were markedly more upbeat than in the previous month, crossing the 100-point mark for the first time since last July in February. Businesses were also more optimistic regarding both domestic and foreign demand in the next three months, which likely fed into improved expectations concerning their output levels.

In addition, companies were more upbeat about hiring, while their assessment of average unit cost and selling prices improved from January. Importantly, the differential between firms that expected higher input prices and those that expected lower input prices narrowed to the lowest in four months.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest