Turkish Statistical Institute (TurkStat) published the economic confidence index for November. Accordingly, the economic confidence index decreased by 1.3 percent in November to 95.3. The index was 96.5 in October.
In November compared to the previous month, Consumer Confidence Index increased by 1.1 percent to 75.5, real sector (manufacturing industry) confidence index decreased by 1.3 percent to 103.9, service sector confidence index decreased by 2.4 percent to 110.9, retail trade confidence index decreased by 1.9 percent to 111.7, construction confidence index increased by 2.2 percent to 91.0.
An economic confidence index greater than 100 indicates optimism about the general economic situation, while a confidence index less than 100 indicates pessimism about the general economic situation.
