Türkiye’s economic confidence improves in December

ISTANBUL

Türkiye’s economic confidence index rose 1.1% to 96.4 in December on a monthly basis, data from the Turkish Statistical Institute (TurkState) showed on Thursday.

During the month, retail trade sector confidence jumped 4.5%, consumer confidence 2.6%, and services sector confidence 1.2%, while the real sector and construction sectors’ confidence indexes dropped 0.5% and 3.3%, respectively.

The economic confidence index is a composite index that encapsulates consumers’ and producers’ evaluations, expectations, and tendencies about the general economic situation.

It indicates an optimistic outlook if it is above 100, or a pessimistic outlook if below 100.