Türkiye's economic confidence unchanged in January

3 sub-indexes rose in January, while 2 declined, according to Turkish Statistical Institute

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's economic confidence was at 99.4 points in January, stable from the previous month, according to official figures released on Thursday.

In January, three sub-indexes posted increases, while two saw declines, the Turkish Statistical Institute (TurkStat) reported.

The construction confidence index gained 1.5% on a monthly basis, and the services confidence index rose 1.1% in January.

The consumer confidence index also gained 0.3% month-on-month in January.

On the other hand, the retail trade confidence index dropped 2.4% in January, and the real sector confidence index lost 0.7%.

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.

Kaynak:

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