Confidence in Turkey's economy decreased 2% month-on-month in November, according to the country's statistical authority on Monday.
Posting a decline for the second month in a row, the main reading fell below the threshold level to 99.3 in November, the Turkish Statistical Institute (TurkStat) said.
A value above 100 in the economic confidence index indicates an optimistic outlook for the general economic situation, while a value below 100 points suggests a pessimistic view.
This decrease in the index was driven by weaker consumer and services confidences.
The subindex for consumer confidence dropped by 7.3% on a monthly basis to 71.1 in November, while the services confidence index decreased by 0.7% to 119.4.
The construction confidence index reached 93.6 in November, up by 1.0% compared to the previous month.
This month, subindices for the real sector (manufacturing industry) and retail trade confidences were both up 0.6% in the same period.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.