Türkiye’s economic confidence falls in July

Almost all sub-indices, except for construction, consumer categories, post declines

By Aysu Bicer

ANKARA (AA) - Türkiye’s economic confidence index posted a decline in July, the country’s statistical authority announced on Thursday.

The figure fell 0.2% month-on-month to 93.4 in July, from 93.6 in June, a Turkish Statistical Institute (TurkStat) statement said.

Almost all sub-indices – except for the construction and consumer categories – saw declines in the month.

The consumer confidence index rose 7.4% from the previous month to 68 in July, while the retail trade index lost 4.5% to 113.4 in the same period.

The sub-indices for the real sector and services dropped 2% and 1.5% to 102.5 and 117.8, respectively.

On the other hand, the construction confidence index gained 2.4%, reaching 85 in June.

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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