According to data released by the central bank, Turkish manufacturers’ confidence in their business has slightly decreased in October. The business confidence index fell from 104.4 points in September to 103.3 points in October. A score above 100 indicates optimism in the sector, while a score below 100 reflects pessimism.
The decline in business confidence could be attributed to a variety of factors such as economic uncertainties, geopolitical tensions, and changing market conditions. This drop may raise concerns about the overall economic outlook and the future trajectory of the manufacturing sector in Turkey. The central bank’s data serves as an important indicator for monitoring the sentiment and expectations of businesses, providing valuable insights into the health of the economy as a whole.
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