Türkiye's economic confidence improves in January
In January, 3 sub-indexes post gains while 2 indexes decrease
By Gokhan Ergocun
ISTANBUL (AA) - Türkiye's economic confidence index rose to 99.7 in January from 98.9 in December, the Turkish Statistical Office (TurkStat) revealed on Thursday.
In January, the services confidence index increased by 2.5%, the retail trade confidence index by 1.4%, and the construction confidence index by 2.6% month-on-month.
Meanwhile, consumer and real sector confidence indexes decreased by 0.4% and 0.1%, respectively.
The economic confidence index, a key indicator of the overall economic situation, is currently hovering between 0 and 200.
When it exceeds 100, it indicates an optimistic outlook, and when it falls below 100, it indicates pessimism.
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