Turkey Business Confidence August 2021


Turkey: Business confidence inches down but remains elevated in August

August 25, 2021

Confidence levels among Turkish firms inched down from the over 14-year high of 114.8 in July to 113.9 in August. The index remained comfortably above the neutral 100-threshold that separates optimism from pessimism midway through the third quarter.

The slight easing of confidence came on the back of somewhat less upbeat views on output expectations, employment expectations, and export order expectations for the next three months. In addition, sentiment towards the total amount of orders in the past three months turned somewhat less rosy, while companies became slightly less inclined to increase capital expenditure in the year ahead.

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 August 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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