Türkiye's economic confidence improves in October

By Gokhan Ergocun

ISTANBUL (AA) — Türkiye's economic confidence index was up by 1.2% month-on-month in October, the Turkish Statistical Institute (TurkStat) said on Monday.

The index climbed from 95.4 to 96.5 from September to October, TurkStat stated.

It rose 4.4% for consumers, 0.9% for the construction, 0.5% for services, and 0.2% for real sector, while dropping 3.3% for the retail sales sector.

The economic confidence index is a composite index that encapsulates consumers' and producers' evaluations, expectations, and tendencies about the general economic situation.

It indicates an optimistic outlook if it is above 100, or a pessimistic outlook if below 100.