The Economic Confidence Index rose by 1.3% from 98.1 to 99.3 in January, month-over-month, according to the Turkish Statistical Institute (TurkStat). The hike stemmed from the increase in the consumer, real sector, and construction indices in this period. “The figure indicates that the economic activity has made a moderate start to the new year,” Dr....
Tag: economic confidence index
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Economic confidence down by 2.5% in March
Turkey’s economic confidence index decreased for the second consecutive month in March, according to the Turkish Statistical Institute. The figure fell 2.5% month-on-month to 95.7 in March, TurkStat said. All sub-indices except for consumer confidence deteriorated in the month, with the services confidence posting the largest decline. The services confidence index dove 6.2% from the...
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Economic confidence down by 2.6% in February
The economic confidence index dropped 2.6% month-on-month in February, according to the Turkish Statistical Institute (TurkStat) From 100.8 last January, the index fell to 98.2, data from TurkStat showed. All sub-indices posted decreases, with the retail trade confidence index losing the most, 3.8% to 119.8 in February compared to the previous month. The consumer confidence...
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Economic confidence hits 7-month low
The economic confidence index declined by 1.8% from 99.3 to 97.6 in December, as compared to November, according to the Turkish Statistical Institute (TurkStat). Thus, the index fell to its lowest level since May. A rating above 100 indicates an optimistic outlook for the overall economic situation, while a value below 100 indicates a negative...