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Turkey: Business confidence improves in August

Christian Fernsby ▼ | August 27, 2020
Business confidence came in at 106.2 in August, up notably from July's 100.7.
Turkish auto
Confidence   Turkish auto
August's result marked the best reading since February.

Topics: Turkey

As a result, the index remained above the 100-threshold, separating optimism from pessimism among businesses.

The uptick came on the back of an improvement in firms’ assessments of current order books and stocks of finished goods.

In addition, views on orders in the past three months turned positive, while the outlook on employment in the next three months turned rosier.

In contrast, sentiment regarding the general business situation deteriorated.

FocusEconomics panelists expect fixed investment to contract 7.2% in 2020 and to expand 6.2% in 2021.