Economic confidence surges in July amid coup bid
AFP photoTurkey’s economic confidence index in July rose by 14.9 percent compared to the previous month, signaling no damage to confidence in the country’s economy after the failed July 15 coup attempt.
According to official data released by the Turkish Statistical Institute on July 18, Turkey’s economic confidence index increased from 83.33 in June to 95.73 in July.
Reports showed an improvement in the confidence index was driven by increases in all sub indices except consumer confidence, including services, retail trade, construction and real sector confidence.
Services confidence index increased to 100.86, retail trade confidence index increased to 103.56, construction confidence index increased to 82.95 and real sector confidence index increased to 106.3 in July.
The construction confidence index also saw a 2.5 percent rise to 82.95, while real sector confidence also rose 1.9 to 106.3 in July.