Turkey Business Confidence January 2021

Turkey

Turkey: Business confidence improves to near three-year high in January

January 26, 2021

Business confidence rose to a 32-month high of 107.0 in January from December's 106.8. As such, the index moved further above the 100-threshold, as optimism among businesses grew.

The rise came on the back of an improvement in firms’ views of the general business situation and expected output and employment in the next three months. However, the headline print was weighed on by easing sentiment regarding total amount of orders in the past three months and export orders expected in the next three months; however, both sub-indicators remained in positive territory.

FocusEconomics Consensus Forecast panelists expect fixed investment to increase 4.4% in 2021, which is unchanged from last month’s forecast, and to expand 5.4% in 2022.


Author:, Economist

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Turkey Business Confidence Chart


Turkey Business Confidence January 2021

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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