National Economic Confidence Index Revealed | Latest Economic Updates

The Turkish Statistical Institute (TUIK) recently announced the Economic Confidence Index for February, revealing a decrease from 99.4 in January to 99. This marks a 0.4 percent decline in economic confidence.

In a breakdown of the sector-specific confidence indices, the consumer confidence index dropped by 1.3 percent to 79.3, while the real sector (manufacturing industry) confidence index decreased by 0.9 percent to 102. On the other hand, the service sector confidence index saw a 1.6 percent increase to 118.6. The retail trade sector confidence index fell by 1 percent to 114.5, while the construction sector confidence index rose by 1 percent to 91.8.

These figures provide insight into the fluctuating sentiments within various sectors of the economy. As businesses and consumers navigate economic conditions, monitoring these confidence indices can offer valuable perspective on the overall health of the economy.

 

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