Turkey Business Confidence November 2016


Turkey: Business confidence increases in November

November 24, 2016

The Real Sector Confidence Index published by the Central Bank of Turkey increased from October’s 101.7 to 103.7 in November. The index remains above the 100-threshold, indicating an optimistic outlook for business conditions.

November’s result reflected an improvement in most of the categories that comprise the index. The sub-index representing the general business situation increased in November and recovered from the lowest reading in a year. Moreover, total orders picked up and hit the highest figure in four months. Conversely, total employment decreased in November compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 0.9% in 2016, which is unchanged compared to last month’s estimate. In 2017, panelists expect investment growth of 2.1%, which is also unchanged from last month’s estimate.

Author:, Senior Economist

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Turkey Business Confidence Chart

Turkey Business Confidence November 2016

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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