Turkish economic confidence rebounds after six-month low
ANKARA
Turkey’s economic confidence rose more than 20 percent in September, recovering from a six-month low hit in August, data from the Turkish Statistics Institute (TÜİK) showed on Sept. 29.The index was at 87.8 in September, after falling to 72.7 in August, the data showed. The index indicates an optimistic economic outlook when above 100 and a pessimistic one when below 100.
The increase in the economic confidence index stemmed from increases in the services, real sector and construction confidence indices, according to the TÜİK data.
The services confidence index increased to 96.23, the real sector confidence index increased to 107.1 and the construction confidence index increased to 81.99 in September.
The consumer confidence index decreased to 74.29 and the retail trade confidence index decreased to 97.99 in September.
The increase in the economic confidence index stemmed from increases in the services, real sector and construction confidence indices, according to the TÜİK data.
The services confidence index increased to 96.23, the real sector confidence index increased to 107.1 and the construction confidence index increased to 81.99 in September.
The consumer confidence index decreased to 74.29 and the retail trade confidence index decreased to 97.99 in September.
