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Turkey Business Confidence May 2022

Turkey: Business confidence falls but remains in positive territory in May

Business confidence eased to 109.4 in May from April’s 109.7. However, the index remained above the 100-threshold, indicating that businesses were optimistic.

The headline print largely reflected a deterioration in sentiment regarding export orders and output in the next three months. In addition, firms’ assessments regarding current order books and the general business situation soured.

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