Economic confidence rises in Turkiye amid mixed sectoral performance

The consumer confidence index rose by 2.6 per cent to 77.4, indicating an improvement in consumer sentiment.

However, the real sector (manufacturing industry) confidence index experienced a slight decrease of 0.5 per cent, settling at 103.4. Retail trade, another critical indicator of economic health, showed a notable increase in confidence, with its index surging by 4.5 per cent to 116.8, Turkstat said in a press release.

Economic confidence index is a composite index that encapsulates consumers' and producers' evaluations, expectations, and tendencies about general economic situation.

Fibre2Fashion News Desk (KD)