Turkey: Business confidence improves in January
January 25, 2016
The Real Sector Confidence Index published by the Central Bank improved moderately in January, rising from 102.2 in December to 103.3. As a result, business confidence remains above the 100-point threshold and indicates an optimistic outlook for business conditions.
January’s result showed that businesses were much more optimistic regarding the expected volume of output for the next three months. To a lesser extent, total amount of orders in the past three months, job prospects and stocks of finished goods also gained ground in January. On the other hand, the general business situation experienced the largest deterioration.