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Türkiye's economic confidence hits 5-month high

by Daily Sabah with AA

ISTANBUL Oct 30, 2024 - 1:30 pm GMT+3
Shopkeepers wait for costumers at a bazaar in the old town of Antakya in Hatay province, southern Türkiye, Oct. 24, 2024. (AFP photo)
Shopkeepers wait for costumers at a bazaar in the old town of Antakya in Hatay province, southern Türkiye, Oct. 24, 2024. (AFP photo)
by Daily Sabah with AA Oct 30, 2024 1:30 pm

Türkiye's economic confidence index rose by 3.2% in October, data by the national statistical authority showed on Wednesday.

The index rose to 98, a five-month high, compared to 95 in September, the Turkish Statistical Institute said.

The gauge had reached 98.2 in May this year.

The consumer confidence index increased by 3%, the real sector (manufacturing industry) confidence index by 3%, the services confidence index by 1.5%, and the retail trade confidence index by 0.1%.

The construction confidence index, meanwhile, decreased by 1.7% month-over-month, the data showed.

The confidence index indicates an optimistic outlook when it is above 100 and a pessimistic outlook when it is below 100.

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  • Last Update: Oct 30, 2024 4:29 pm
    KEYWORDS
    turkish economy economy türkiye confidence confidence index
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