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Industrial production up by 11.4% in November

Industrial production up by 11.4% in November

The industrial production index rose by 11.4% in November, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat). The index also increased by 3.3% on a monthly basis. Considering the subsectors, the manufacturing index rose by 3.8% and the electricity, gas, steam and air conditioning supply index increased...

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Consumer confidence hits historic low

Consumer confidence hits historic low

The consumer confidence index decreased to 68.9 in December, down 3.1% from 71.1 in November, and hit an all-time low, according to the Turkish Statistical Institute (TurkStat). The index is a vital gauge of the economy’s overall performance, indicating people’s sentiments on financial standing and the general economic situation, along with expenditure and saving tendencies....