Turkey Business Confidence February 2017

Turkey

Turkey: Business confidence rebounds in February

February 22, 2017

The Real Sector Confidence Index published by the Central Bank rebounded markedly from 97.0 in January to 105.3 in February, the highest figure in five months. As a result, the index lies above the 100-point threshold and indicates optimism among firms.

February’s result reversed the previous two months’ precipitous drops in business confidence and was driven by improvements in all forward-looking sub-categories of the index, including the volume of output, the level of total employment and the number of export orders in the next three months. Meanwhile, sentiment towards the general business situation grew more optimistic, rising to the highest level in three months.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 0.7% in 2017, which is down 0.2 percentage points from last month’s estimate. In 2018, panelists expect fixed investment to grow 2.4%.


Author:, Economist

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Turkey Business Confidence February 2017

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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