Turkey Business Confidence

Turkey

Turkey: Business confidence ticks up in March

March 26, 2015

The Real Sector Confidence Index published by the Central Bank rose from 103.4 in February to 103.5 in March, which marked a five-month high. As a result, business confidence remains above the 100-point threshold, which indicates an optimistic outlook for business conditions.

March’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.

FocusEconomics Consensus Forecast panelists see fixed investment experiencing a 3.6% expansion in 2015, which is up 0.1 percentage points compared to last month’s estimate. In 2016, panelists expect investment growth to accelerate to 5.2%.


Author: Angela Bouzanis, Senior Economist

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Turkey Business Confidence Chart


Turkey Business Confidence March 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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