Türkiye's economic confidence index experienced a slight decline in November, dropping by 0.9% to 97.1, compared to 98.0 in October, as reported by the Turkish Statistical Institute on Thursday. 

The report highlighted mixed performances across key sectors. Consumer confidence fell by 1.0%, settling at 79.8, reflecting cautious sentiment among households. In contrast, the real sector, which includes the manufacturing industry, saw an increase of 1.2%, reaching 103.4, indicating growing optimism in this area. 

The services sector faced a notable decline, with its confidence index falling by 2.9% to 111.0. Meanwhile, retail trade confidence rose by 0.9%, reaching 111.7, signaling steady recovery in this sector. The construction industry also showed positive momentum, with its confidence index increasing by 1.7% to 87.8. 

Overall, the data suggests a nuanced economic landscape. While consumer sentiment remains subdued, improvements in the real sector, retail trade, and construction confidence indicate resilience and potential recovery in specific areas of the economy. With the economic confidence index remaining below the neutral 100-point threshold, the outlook remains cautious as Turkey navigates varied sectoral performances. (ILKHA)