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Türkiye’s Economic Confidence Shows Monthly Growth
(MENAFN) Türkiye's economic optimism advanced by 1.3% to reach 99.5 in November on a month-to-month basis, according to official data released on Thursday.
All five sub-indices recorded gains during November, the Turkish Statistical Institute (TurkStat) announced.
The "retail trade confidence index" saw a 0.9% increase compared to the previous month, while the "real sector confidence index" climbed 1.2% in November.
The "construction confidence index" also rose by 1.5% last month, "services confidence" increased by 1%, and "consumer confidence" went up 1.6% in November.
The "economic confidence index," a primary gauge of the overall economic climate, ranges from 0 to 200.
A score above 100 signifies optimism regarding the general economic outlook, whereas a reading below 100 indicates a more pessimistic viewpoint.
All five sub-indices recorded gains during November, the Turkish Statistical Institute (TurkStat) announced.
The "retail trade confidence index" saw a 0.9% increase compared to the previous month, while the "real sector confidence index" climbed 1.2% in November.
The "construction confidence index" also rose by 1.5% last month, "services confidence" increased by 1%, and "consumer confidence" went up 1.6% in November.
The "economic confidence index," a primary gauge of the overall economic climate, ranges from 0 to 200.
A score above 100 signifies optimism regarding the general economic outlook, whereas a reading below 100 indicates a more pessimistic viewpoint.
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