Economic confidence rises in Turkiye amid mixed sectoral performance
29 Dec 23 1 min read
Insights
- In December 2023, Turkiye's economic confidence index modestly increased to 96.4, reflecting improved consumer sentiment, with the consumer confidence index rising to 77.4.
- Conversely, the manufacturing industry saw a slight dip in confidence, while retail trade confidence significantly increased, highlighting a mixed yet overall positive economic outlook.
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.
Advertisement
Economic confidence index is a composite index that encapsulates consumers' and producers' evaluations, expectations, and tendencies about general economic situation.
Fibre2Fashion News Desk (KD)
Popular News
|
|
Textile & Apparel SEA-Cambodia Summit 2024 to boost textile growth |
|
|
22% YoY rise in Cambodia’s textile-garment exports in Jan-May 2024 |
|
|
Analysing India's trade deficit: Impact of textile exports |
|
|
Asia Pacific Rayon boosts sustainable textile production in Bangladesh |
|
|
North India: Cotton yarn prices steady amid weak downstream demand |
|
|
Net sales of US retailer Tilly’s at $115.9 mn in Q1 FY24 |
