• İstanbul 5 °C
  • Ankara -3 °C

Turkey: Economic confidence higher in July

Turkey: Economic confidence higher in July
Index rises to 92.2 points in July, up from 90.4 in June, according to official data

By Tuba Sahin

ANKARA (AA) - Economic confidence in Turkey improved in July, rising 2 percent, the Turkish Statistical Institute (TurkStat) reported on Monday.

The economic confidence index surged to 92.2 this month, up from 90.4 in June, TurkStat said in a statement, attributing the improvement to a rise in consumer, retail trade, construction and services sector confidence indices.

"Consumer, services, retail trade and construction confidence indices increased to 73.1, 91.9, 97.3 and 77.1 in July, respectively," TurkStat said.

However, the sub-index tracking real sector confidence fell month-on-month 1 percent during the month to 101.5.

The Economic Confidence Index is seen as a significant reading of the economic course as it is a composite index that aggregates sub-indices of consumer confidence, real sector services, retail trade and construction confidence indices, reflecting an overall sentiment of health of the economy.

"It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it indicates a pessimistic outlook when it is below 100," it said.

source: News Feed
This news is a total 119 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim