Turkey Business Confidence April 2022

Turkey

Turkey: Business confidence improves in April

April 25, 2022

Business confidence came in at 109.7 in April, up from March's 108.5. As a result, the index moved further above the 100-threshold, signaling that businesses were more optimistic.

The uptick was driven by more upbeat views on order books in the past three months and increased plans for capital outlays. Furthermore, views on the stock of finished goods and the general business situation at present were less pessimistic. On the other hand, the assessments of expected output, employment and export orders in the next three months turned less rosy. Lastly, views on order books at present were more downbeat.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase 0.9% in 2022, which is unchanged from last month’s forecast, and to expand 3.8% in 2023.


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Turkey Business Confidence April 2022

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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