Türkiye’s economic confidence index edges up to 96.71 in June
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13 oC
Güneşli
13 oC
Güneşli
Türkiye’s economic confidence index rose slightly in June, reaching 96.71, according to data released by the Turkish Statistical Institute (TurkStat) on Friday.
The index marked a marginal increase of 0.1% from May’s level of 96.65.
The report highlighted mixed trends across various sectors. The consumer confidence index increased by 0.3% to 85.1, indicating a modest improvement in household sentiment. Meanwhile, the real sector confidence index, which reflects sentiment in the manufacturing industry, declined by 0.2% to 98.4.
In the services sector, confidence showed a positive movement, rising by 0.4% to 110.9. However, retail trade and construction sectors experienced declines. The retail trade confidence index dropped sharply by 2.5% to 108.5, while the construction confidence index fell by 1.7% to 86.9.
The economic confidence index is a composite indicator that encapsulates the assessments and expectations of consumers and producers regarding the general economic situation. (ILKHA)
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