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.