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Turkey Business Confidence February 2022

Turkey: Business confidence improves in February

Business confidence came in at 109.8 in February, up from January’s 109.5. As a result, the index moved further above from the 100-threshold, and indicated optimism among businesses.

The headline print largely reflected improved sentiment in the export orders, volume of output, and employment in the next three months. In contrast, firms’ views on current order books and stocks of finished goods soured. The general business situation was also viewed less favorably in February compared to the prior month.

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