Turkey: Businesses more optimistic in September
September 26, 2011
The Real Sector Confidence Index published by the Central Bank rose from 109.8 points in August to 112.4 points in September, which marked the strongest improvement since March. With the monthly increase, the index moved further above the 100-point threshold that separates optimistic from pessimistic territory, suggesting improving confidence within the business community, which bodes well for fixed investment growth. The improvement in business sentiment reflected rising optimism regarding export orders as well as output volume in the next three months, suggesting stronger economic activity in the near term. In addition, fixed investment expenditures improved slightly after dropping in August.