Turkey Business Confidence

Turkey

Turkey: Business confidence rises in April

April 24, 2015

The Real Sector Confidence Index published by the Central Bank rose from 103.5 in March to 107.9 in April, which marked a nine-month high. As a result, business confidence remains above the 100-point threshold, which indicates an optimistic outlook for business conditions.

April’s result showed that businesses were more optimistic regarding the volume of output, total employment, as well as the general business situation. Conversely, firms were less optimistic regarding export orders for the following three months.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 3.6% expansion in 2015, which is up 0.1 percentage points compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate to 5.2%.


Author: Angela Bouzanis, Senior Economist

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Turkey Business Confidence Chart


Turkey Business Confidence April 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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