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Economic confidence down by 2.6% in February

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

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...