Turkey Business Confidence

Turkey

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.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 3.6% expansion in 2015, which is up 0.1 percentage points compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate to 5.2%.


Author: Angela Bouzanis, Senior Economist

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Turkey Business Confidence Chart


Turkey Business Confidence January 2015

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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