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Turkey Business Confidence January 2023

Turkey: Business confidence picks up and climbs into positive territory in January

Business confidence came in at 101.7 in January, up from December’s 97.8. As a result, the index moved above the 100-threshold, indicating optimism among businesses.

The rebound was chiefly driven by improvements on expectations of future business conditions, with views regarding output in the next three months registering the largest uptick. Meanwhile, views on the current economic situation recorded slight upticks but remained pessimistic.

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