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Turkey Business Confidence March 2022

Turkey: Business confidence remains upbeat in March

The Real Sector Confidence Index eased to 108.5 in March from 109.8 in February, likely weighed down by the Russian invasion of Ukraine and elevated price pressures. Nonetheless, the index remained markedly above the neutral 100-threshold to signal prevalent optimism among Turkish firms.

The headline moderation came on the back of less upbeat views on output and export order expectations in the next three months, while the assessment of stocks of finished goods at present and the general business situation deteriorated. On the other hand, views on order books at present turned less pessimistic, and the assessment of the amount of orders in the past three months improved.

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