Turkey: Business confidence ticks up in February
February 23, 2015
The Real Sector Confidence Index published by the Central Bank rose from 103.2 in January to 103.4 in February, which marked a four-month high. As a result, business confidence remains above the 100-point threshold, which indicates an optimistic outlook for business conditions.
February’s result showed that businesses were more optimistic regarding the volume of output, total employment, as well as export orders for the following three months. Conversely, firms were less optimistic regarding the general business situation and the total amount of orders.