Turkey Business Confidence

Turkey

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.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 2.5% expansion in 2015, which is down 0.1 percentage points compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate to 4.3%.


Author: Angela Bouzanis, Senior Economist

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Turkey Business Confidence Chart


Turkey Business Confidence May 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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