Turkey June Busıness Confıdence Slıps To 111.7
The Turkish Central Bank said Thursday its business confidence index fell to 111.7 in June from 115.1 in May.
The decrease in business confidence was mainly due to expectations of production volume in the next three months, declines in export orders in the next three monthsthe amount of current total orders.
The business confidence index stood at 99.4 in June 2009.
A reading above 100 signals an improvement, while a reading below 100 indicates deterioration.
(SB-SB-ENG)