Turkey: Business confidence improves in January
January 26, 2015
The Real Sector Confidence Index published by the Central Bank rose to 103.2 in January from 101.2 in December, which had marked the lowest level in two years. As a result, business confidence remains above the 100-point threshold, which indicates an optimistic outlook for business conditions.
January’s result showed that businesses were more optimistic regarding the volume of output, total employment as well as export orders for the following three months. In addition, the general business situation improved over the previous month. Conversely, firms were less optimistic regarding the total amount of orders and stocks of finished goods.