Türkiye’s economic confidence index hits 10-month high
(MENAFN) Türkiye’s economic confidence index reached a 10-month high, signaling an improved outlook for the economy. After hitting 100.3 in March 2024, the index fell to as low as 93.1 in August but began to recover in the latter half of the year. By January 2025, the index had risen to 99.7 from 98.9 in December, indicating a positive shift in economic sentiment.
Similarly, the consumer confidence index saw an improvement, reaching 81 in January after dipping to a low of 75.9 in July of the previous year. It ended 2024 at 81.3, reflecting a general recovery in consumer outlook. The real sector confidence index also showed stability, finishing last year at 102.7 and remaining nearly unchanged at 102.6 in January 2025.
The services sector displayed a fluctuating pattern, peaking at 120.4 in February 2024 before ending the year at 113.6. However, the index began the new year on a positive note, climbing to 116.5, the highest level in eight months, suggesting optimism in the services industry.
According to Türkiye’s Central Bank Survey of Market Participants, inflation expectations for the next 12 months decreased across different sectors. The market’s expectation dropped by 1.7 percentage points to 25.4 percent, the real sector's expectation fell by 3.8 percentage points to 43.8 percent, and household expectations declined by 4.3 percentage points to 58.8 percent. Finance Minister Mehmet Simsek emphasized that inflation projections are essential for managing disinflation efforts and reaffirmed the government’s commitment to reducing inflation over the long term.
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