Turkey Business Confidence


Turkey: Business confidence recovers some lost ground in October

October 27, 2015

After falling in the previous month to the lowest level since December 2012, the Real Sector Confidence Index published by the Central Bank recovered marginally in October, rising from September’s 99.1 to 100.5. As a result, business confidence now lies above the 100-point threshold and indicates an optimistic outlook for business conditions.

October’s result showed that businesses were less pessimistic regarding the general business situation in Turkey. In addition, firms were more optimistic regarding the total volume of output and export orders over the next three months. In contrast, firms’ views regarding total employment deteriorated compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 2.5% expansion in 2015, which is unchanged compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate 2.4%, which is also unchanged from the previous month’s forecast.

Author: Angela Bouzanis, Senior Economist

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Turkey Business Confidence Chart

Turkey Business Confidence October 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).

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