Turkey Business Confidence

Turkey

Turkey: Business confidence jumps in February

February 23, 2012

The Real Sector Confidence Index published by the Central Bank jumped from 101.8 points in January to 107.3 points in February. Thus, the index moved further above the 100-point threshold that separates optimistic from pessimistic territory, after having fallen below the dividing line for the first time in two years in December. Nevertheless, at the current level business sentiment still remains 3.7 points below the levels observed in the same month last year. The rise in business sentiment was broad-based, with most of the categories improving over the previous month. In particular, the volume of output for the next three months, as well as export orders for the next three months, experienced the sharpest increases


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