Turkiye’s economic confidence falls for 3rd month in row

Figure falls 1.1% from previous month to 94.7 in April

By Ovunc Kutlu

ANKARA (AA) – Turkiye’s economic confidence index decreased for the third consecutive month in April, the country’s statistical authority announced on Thursday.

The figure fell to 94.7 in April, a decline of 1.1% from the previous month, the Turkish Statistical Institute (TurkStat) said in a statement.

The fall in the index was a result of declines in consumer and real sector confidence indices, it said.

Consumer confidence index decreased by 7.3% to 67.3 in April.

Services confidence index, on the other hand, increased by 3% to 114.6.

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

Kaynak:

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