Turkey Business Confidence


Turkey: Business confidence plummets in September

September 28, 2015

The Real Sector Confidence Index published by the Central Bank fell from 103.7 in August to 99.1 in September, which marked the worst outcome since December 2012. As a result, business confidence now lies below the 100-point threshold and indicates a pessimistic outlook for business conditions.

September’s result showed that businesses were more pessimistic regarding the general business situation in Turkey. In addition, firms were less optimistic regarding the total amount of orders over the next three months and employment expectations. Moreover, the slip in business confidence comes against growing uncertainty regarding Turkey’s political and economic situation. Snap elections are scheduled for 1 November after a government was unable to be formed following 7 June’s parliamentary elections and the lira has depreciated sharply against the USD in recent weeks.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 1.3% expansion in 2015, which is unchanged compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate to 3.3%.

Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Business Confidence in Turkey? Download a sample report now.


Turkey Business Confidence Chart

Turkey Business Confidence September 2015

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).

Turkey Economic News

More news

Search form