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Economic confidence in Turkiye dips slightly in February 2024
01 Mar '24
1 min read
Pic: Adobe Stock
Insights
- In February 2024, Turkiye's economic confidence saw a minor decline of 0.4 per cent to 99, according to Turkstat.
- The consumer confidence index dropped by 1.3 per cent to 79.3.
- Additionally, the manufacturing and retail trade sectors experienced decreases in confidence by 0.9 per cent and 1.0 per cent, settling at 102 and 114.5, respectively.
In February 2024, Turkiye witnessed a minor decline in its economic confidence index, marking a 0.4 per cent decrease to settle at 99, down from 99.4 in January 2024, according to the Turkish Statistical Institute (Turkstat). The consumer confidence index, which is a critical indicator of financial stability and the general economic outlook, saw a 1.3 per cent decrease, dropping to 79.3.
Similarly, the manufacturing industry experienced a slight setback with its confidence index reducing by 0.9 per cent to 102.
The retail trade sector was not immune to the trend of declining confidence, with its index falling by 1.0 per cent to 114.5, as per Turkstat.
Fibre2Fashion News Desk (DP)
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