Türkiye's Economic Confidence Rises in July, Nears Optimism Mark
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5 Articles
Turkiye’s Economic Confidence Index Rises in July as Consumer and Services Sentiment Improves
Consumer, services and construction confidence improve, while manufacturing and retail trade sentiment weaken Türkiye’s economic confidence index rose 0.9% month-on-month to 99.8 in July, official data showed on Thursday. The index increased from 98.9 in June, according to the Turkish Statistical Institute (TurkStat). Despite the monthly improvement, the index remained just below the 100-point threshold separating an optimistic outlook from a pe…
The consumer confidence indicator increased in July for the third consecutive month, while the economic climate, based on business surveys, decreased slightly, today released the National Institute of Statistics (INE).
According to the July economic confidence index data published by the Turkish Statistical Institute (TÜİK), confidence increased slightly but did not exceed 100 points, the threshold for optimism. In other words, confidence in the economy is still lacking.
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