Turkey Business Confidence January 2018

Turkey

Turkey: Business confidence jumps in January

January 25, 2018

After three consecutive months of declines, the Real Sector Confidence Index published by the Central Bank rose to 108.3 in January, from 103.3 in the previous month. The index remains above the 100-point threshold that separates optimism from pessimism among firms, where it has been since last February.

Although firms’ assessment of their current and past order books worsened slightly from the previous month, their view of future economic conditions became markedly more optimistic than in December, driving January’s reading. Businesses’ expectations of their output level and export order growth in the next three months sharply improved. They were also more optimistic about hiring and engaging in new fixed investment projects. Finally, their view of the general business situation improved marginally compared to December.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 3.6% in 2018, which is down 0.1 percentage points from last month’s estimate. In 2019, panelists also expect fixed investment to grow 3.9%.


Author:, Economist

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Turkey Business Confidence January 2018

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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