Turkey’s economic confidence up in February
ANKARA – Anadolu Agency
According to TÜİK, the index stood at 79.4 in February, up from 78.5 in January.
"On the other hand, consumer, retail trade and construction confidence indices dropped to 57.8, 90.8 and 51.8, respectively," it said.
A total of 20 sub-indices are used in the calculation, with data collected in the first two weeks of each month.
A value above 100 shows an optimistic outlook for the general economic situation, while a value below 100, a pessimistic outlook.
In 2018, the index saw its highest value in January at 105.2, as the lowest figure was recorded at 75.2 in November.