Türkiye’s Economic Confidence Shows Slight Raise
(MENAFN) Türkiye witnessed a modest boost in its overall economic confidence in September, with the index edging up by 0.1 percentage points to reach 98, based on fresh data disclosed on Monday.
According to Turkish Statistical Institute (TurkStat), this uptick comes amid mixed performances across various sectors.
While two confidence sub-indices experienced declines, three others showed improvement during the same period.
The construction sector saw the most notable progress, with its confidence index climbing by 3.6%.
Additionally, confidence within the retail trade sector rose by 0.4%, and the real sector — commonly referred to as the manufacturing industry — recorded a 0.2% increase.
On the other hand, the consumer confidence index dipped by 0.4%, while the services sector registered a marginal decline of 0.1%.
The economic confidence index serves as a vital gauge of the country’s broader economic sentiment, ranging from 0 to 200.
A score surpassing 100 indicates a positive or "optimistic" perspective on the economic landscape, whereas figures below that threshold suggest a more "pessimistic" viewpoint.
According to Turkish Statistical Institute (TurkStat), this uptick comes amid mixed performances across various sectors.
While two confidence sub-indices experienced declines, three others showed improvement during the same period.
The construction sector saw the most notable progress, with its confidence index climbing by 3.6%.
Additionally, confidence within the retail trade sector rose by 0.4%, and the real sector — commonly referred to as the manufacturing industry — recorded a 0.2% increase.
On the other hand, the consumer confidence index dipped by 0.4%, while the services sector registered a marginal decline of 0.1%.
The economic confidence index serves as a vital gauge of the country’s broader economic sentiment, ranging from 0 to 200.
A score surpassing 100 indicates a positive or "optimistic" perspective on the economic landscape, whereas figures below that threshold suggest a more "pessimistic" viewpoint.
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