Turkey: Business confidence rises in May
May 22, 2015
The Real Sector Confidence Index published by the Central Bank rose from 107.9 in April to 109.0 in May, which marked a 10-month high. As a result, business confidence is further above the 100-point threshold, which indicates an optimistic outlook for business conditions.
May’s result showed that businesses were more optimistic regarding the total amount of orders and the general business situation. Conversely, firms were less optimistic regarding the volume of output and export orders for the following three months.