Real sector confidence index up to 112.4 pc in Turkey

Accordingly, the index was up 2.6 points to 112.4 percent month-on-month in September 2011.

Real sector confidence index up to 112.4 pc in Turkey

The real sector confidence index rose 2.6 points to 112.4 percent month-on-month in September 2011.

The Central Bank made public its real sector confidence index.

Accordingly, the index was up 2.6 points to 112.4 percent month-on-month in September 2011.

General course, upcoming three-month export orders, upcoming three-month employment, current good stock, upcoming three-month production volume, constant capital investment expenditure, and amount of current overall order had a positive effect on the index, whereas recent three-month order figures negatively affected the index.

The real sector confidence index excluding seasonal figures was up 5.5 points to 111.8 percent in the same period.

The Business Tendency Survey (BTS) of the Central Bank of the Republic of Turkey is prepared with the aim of discovering the opinions of the senior managers of the major private sector firms about the recent past and the future, containing questions on production, demand, investment, sales, employment, capacity utilization and inflation expectations. The BTS is a multiple-choice survey, and the choices are formulated as: "more optimistic - the same - more pessimistic, up - the same - down or below normal ? normal ? above normal."

An index above 100 percent points to an optimistic outlook to the economic activity by the real sector agents covered by the Business Tendency Survey.

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Last Mod: 26 Eylül 2011, 16:05
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