Türkiye's economic confidence stable in December

3 sub-indexes rose in December, while 2 declined, according to Turkish Statistical Institute

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's economic confidence was at 99.5 points in December, unchanged from the previous month, according to official figures released on Tuesday.

In December, three sub-indexes posted increases, while two saw declines, the Turkish Statistical Institute (TurkStat) reported.

The retail trade confidence index gained 1.1% on a monthly basis, and the real sector confidence index rose 0.5% in December.

The services confidence index also gained 0.4% month-on-month in December.

On the other hand, the consumer confidence index dropped 1.8% in December, and the construction confidence index lost 0.5%.

The economic confidence index, a key indicator of the overall economic situation, hovers between 0 and 200. A reading above 100 indicates optimism about the overall economic outlook, while a value below 100 reflects a more pessimistic assessment.

Kaynak:

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