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Turkey Business Confidence February 2023

Turkey: Business confidence picks up in February

Business confidence rose to 102.4 in February from January’s 101.7. February’s result marked the best performance since July 2022. As a result, the index moved further above the 100-threshold, signaling increased optimism among businesses.

The uptick was driven by improvements on expectations for output and employment in the next three months. Moreover, views regarding the current situation became less pessimistic. That said, firms grew less optimistic about export orders in the next three months.

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