Türkiye’s economic confidence index declined in April, signaling a weakening of sentiment across key sectors, the Turkish Statistical Institute (TurkStat) announced on Tuesday.

According to the latest figures, the economic confidence index fell by 4.2% compared to the previous month, dropping from 100.8 in March to 96.6 in April. The decline reflects growing concerns among consumers and businesses amid economic fluctuations.

The data showed that all major components of the economic confidence index experienced decreases during the month. The consumer confidence index dropped by 2.3%, reaching 83.9, while the real sector (manufacturing industry) confidence index decreased by 2.3% to 100.8. The services confidence index recorded a sharper decline of 4.3%, landing at 109.5. Meanwhile, the retail trade confidence index dipped by 2.5% to 110.6, and the construction confidence index saw a 4.2% decrease, registering at 85.1.

The economic confidence index is a composite measure that reflects the general outlook of consumers and producers on the economy. A figure above 100 indicates optimism, while a reading below 100 points to a pessimistic outlook.

April’s decline suggests a cautious atmosphere in the Turkish economy as uncertainties in global markets and domestic financial pressures continue to affect expectations across multiple sectors.

TurkStat is expected to release additional sectoral breakdowns and detailed analyses in the coming weeks as economic monitoring continues. (ILKHA)