Türkiye's economic confidence down in Nov.

Türkiye's economic confidence down in Nov.

Sub-indices see mixed figures this month

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's economic confidence index posted a slight decline in November, the country's statistical authority reported on Tuesday.

The figure fell 0.2% month-on-month to 96.9 in November from 97.1 in October, a Turkish Statistical Institute (TurkStat) statement said.

Sub-indices posted mixed figures, while retail trade confidence saw the largest increase.

The consumer confidence index was up by 0.6% from October to 76.6 this month, while the construction index rose by 1.2% to 91.6.

The retail sales confidence index was up by 2.1% to 121.9 month-on-month.

The sub-indices for the real sector and services decreased by 0.7% and 1% to 101.3 and 118.1, respectively.

A rating above 100 indicates an optimistic outlook for the overall economic situation, while a value below 100 suggests a negative assessment.

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