Turkish Statistical Institute (TurkStat) announced the Economic Confidence Index for January. The economic confidence index increased by 3.1 percent in January compared to the previous month and rose to 99.4.
Accordingly, in January compared to the previous month, consumer confidence index increased by 3.9 percent to 80.4, real sector (manufacturing industry) confidence index decreased by 0.5 percent to 102.9, service sector confidence index increased by 4.0 percent to 116.8, retail trade confidence index decreased by 1 percent to 115.6, construction confidence index increased by 3.3 percent to 90.9.
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.
