Turkey Business Confidence April 2016

Turkey

Turkey: Business confidence in April hits 22-month high

April 25, 2016

A supportive-growth rhetoric by the government and a looser monetary policy are propelling businesses’ sentiment, which hit a nearly two-year high in April. The Real Sector Confidence Index published by the Central Bank rose from 106.0 in March to 110.1 in April. As a result, business confidence is moving further above the 100-threshold and indicates an optimistic outlook for business conditions.

April’s result showed that businesses were much more optimistic regarding the total amount of export orders in the coming three months and fixed investment as both climbed to an over-20-month high. The expected volume of output for the next three months as well as job prospects for the three months to come also recorded significant gains. Moreover, the general business situation improved and crossed the 100-threshold.

FocusEconomics Consensus Forecast panelists see fixed investment registering a 2.9% expansion in 2016, which is up 0.1 percentage points compared to last month’s estimate. In 2017, panelists expect investment growth of 4.3%.


Author: Ricard Torné, Head of Economic Research

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Turkey Business Confidence April 2016 0

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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