The Turkish Statistical Institute announced Wednesday that Türkiye's economic confidence index increased by 3.2% in October, rising from 95.0 in September to 98.0, signaling an improvement in economic outlook.

Among the components, the consumer confidence index saw a 3.0% increase to 80.6. The real sector confidence index, representing the manufacturing industry, also climbed by 3.0% to reach 102.2. The services confidence index rose by 1.5%, reaching 114.2, while the retail trade confidence index experienced a slight increase of 0.1%, bringing it to 110.7. However, the construction confidence index declined by 1.7% in October, falling to 86.3.

This overall increase in economic confidence reflects positive sentiment across most sectors, despite the continued challenges in the construction industry. (ILKHA)