Turkey's economic confidence improves in July
TURKEY ECONOMY

Turkey's economic confidence improves in July

Confidence index at 100.1 in July, up 2.3% from June, shows official data

News Service AA

Turkey’s economic confidence index posted a monthly increase in July, according to official data released on Thursday.

The index rose by 2.3% to reach 100.1 in July, up from 97.8 in June, the Turkish Statistical Institute (TurkStat) said.

A value above 100 shows an optimistic outlook for the general economic situation, while a value below 100 shows a pessimistic one.

"This increase in economic confidence index stemmed from the increases in real sector (manufacturing industry), services, retail trade and construction confidence indices," TurkStat said.

Among sub-indices in July, services (5.8%), consumer (2.7%), retail trade (3.7%), construction (4.7%) and real sector (2.1%) posted increases on a monthly basis.

Economic confidence index is a composite index that encapsulates consumers' and producers' evaluations, expectations and tendencies about general economic situation.


+

Cookies are used limited to the purposes in th e Personal Data Protection Law No.6698 and in accordance with the legislation. For detailed information, you can review our cookie policy.