Türkiye's economic confidence improves in September

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's economic confidence index was up by 1.3% month-on-month in September, the Turkish Statistical Institute (TurkStat) said on Thursday.

The index climbed from 94.1 to 95.4 from August to September, TurkStat stated.

The index rose 5.1% for consumers, 0.5% for the real sector, 2% for services, 3% for retail trade, and 1% for construction, it added.

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.