Türkiye’s economic confidence index increases in September
13 oC
13 oC
Güneşli
13 oC
Güneşli
The Economic Confidence Index in Türkiye increased by 2.0% in September to 95.0 from 93.1 in August, the Turkish Statistical Institute announced on Friday.
The Consumer Confidence Index rose by 2.4% to 78.2, while the Real Sector (Manufacturing Industry) Confidence Index gained 1.2% to 99.2.
The Services Confidence Index increased by 0.6% to 112.6, and the Retail Trade Confidence Index rose by 2.5% to 110.6.
However, the Construction Confidence Index declined by 0.2% to 87.8 in September compared to the previous month.
Overall, the increase in the Economic Confidence Index suggests that businesses and consumers are becoming more optimistic about the Turkish economy.
However, the decline in the Construction Confidence Index may indicate some concerns about the future of the real estate sector. (ILKHA)
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Türkiye's foreign trade performance in August demonstrated a positive trend. Exports experienced a modest increase of 2.3%, while imports saw a significant decline of 10.7%.
The Central Bank of Türkiye (CBRT) has announced that it will maintain its current interest rate policy, citing expectations of a slowdown in consumer inflation in September.
The Turkish Statistical Institute (TurkStat) has released a comprehensive report on the country's external trade activities, highlighting the dominant role of large enterprises in both exports and imports.
