Türkiye's economic confidence up in February

3 sub-indexes rose in February, 1 declined, while 1 stable from previous month, according to Turkish Statistical Institute

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's economic confidence was at 100.7 points in February, up 1.4% on a monthly basis, according to official figures released on Thursday.

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

The retail trade confidence index gained 2.9% on a monthly basis, and the consumer confidence index rose 2.3%.

The real sector confidence index also increased 1.1% in February.

On the other hand, the construction confidence index dropped 2.1%, while the services confidence index was unchanged from the previous month.

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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