Rise in economic confidence index stems from increases in consumer, services confidence indices, official data shows
The confidence in the Turkish economy rose month-on-month in January, said the country’s statistical authority on Thursday.
The economic confidence index reached 96.2 this month, up 1.6% from 94.7 in December, TurkStat said.
The monthly rise was driven by increases in consumer and services confidence indices.
The consumer confidence index posted the largest increase with 4% in the same period. The reading for retail trade and construction slipped by 0.1% and 5.2%, respectively.
This month, the services confidence index was up by 2.9% compared to last month, while the real sector posted a 1.3% decrease.
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