Türkiye's economic confidence index rises to 99.7 in January
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Güneşli
13 oC
Güneşli
The Turkish Statistical Institute (TurkStat) on Thursday released data showing an uptick in the overall economic confidence index for January.
The index rose from 98.9 in December to 99.7, marking a 0.8% increase month-over-month.
Despite the general rise in economic confidence, consumer sentiment took a slight downturn. The consumer confidence index dipped by 0.4%, settling at 81.0 for January. Similarly, the real sector, specifically the manufacturing industry, saw a marginal decrease of 0.1% in confidence, with the index standing at 102.6.
On a more positive note, other sectors showed growth in confidence. The services sector confidence index increased by 2.5% to reach 116.5. Retail trade confidence also saw a rise, increasing by 1.4% to 114.5. Meanwhile, the construction sector's confidence index experienced a significant jump of 2.6%, coming in at 91.7 for the month.
These figures reflect the diverse dynamics at play within Türkiye's economy, suggesting varied consumer and business sentiments across different sectors as the new year begins. (ILKHA)
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Türkiye's Minister of Treasury and Finance, Mehmet Şimşek, provided an update on the Central Bank's January Sectoral Inflation Expectations through a social media post on Tuesday.
The Turkish Statistical Institute has reported an encouraging increase in confidence levels across the services, retail trade, and construction sectors for January, reflecting improved economic sentiment compared to the previous month.
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