Turkey Business Confidence

Turkey

Turkey: Business confidence slips in August

August 25, 2015

The Real Sector Confidence Index published by the Central Bank fell from 105.4 in July to 103.7 in August, hitting a five-month low. As a result, business confidence moved closer to the 100-point threshold, which indicates an optimistic outlook for business conditions.

August’s result showed that businesses were more pessimistic regarding the general business situation in Turkey. In addition, firms were less optimistic regarding total amount of orders over the next three months. Moreover, the slip in business confidence comes against growing uncertainty regarding Turkey’s political and economic situation. A government has still yet to be formed following 7 June’s parliamentary elections and the lira has depreciated sharply against the USD in recent weeks.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 2.4% 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 4.4%.


Author: Angela Bouzanis, Senior Economist

Sample Report

Looking for forecasts related to Business Confidence in Turkey? Download a sample report now.

Download

Turkey Business Confidence Chart


Turkey Business Confidence August 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).


Turkey Economic News

More news

Search form