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.