Türkiye's economic confidence rises in June

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's economic confidence index rose 0.1% to 96.71 points in June from 96.65 in May, the Turkish Statistical Office (TurkStat) said on Friday.

The figure marked a slight acceleration of the previous month's 0.05% increase.

The services confidence index rose 0.4%, while the consumer confidence index increased 0.3% month-on-month in June.

On the other hand, retail trade confidence index fell 2.5%, construction confidence index dropped 1.7% and real sector confidence index was down 0.2% in the same period.

The economic confidence index, a key indicator of the overall economic situation, hovers between 0 and 200.

A reading above 100 indicates optimism about the overall economic outlook, while a value below 100 reflects a more pessimistic assessment.