Local Turkey

Turkey: Economic confidence improves in September

Monthly figure hits 88.5 this month over improvements in sub-indices for consumer confidence, real sector and services

The confidence in the Turkish economy advanced month-on-month in September, according to official data released on Tuesday.

“Economic confidence index which was 85.9 in August increased by 3.1% in September to 88.5,” the Turkish Statistical Institute (TurkStat) said in a report.

The month-on-month rise was driven by improvements in consumer confidence, services, and real sector indices.

Sub-indices for services and consumer confidence climbed 6.4% and 3.2% during the same period.

Although being in the positive territory, real sector confidence index posted a slight rise this month,up 0.5% from August.

In September, the construction and retail trade readings were in the negative zone,falling 2% and 1.5%, respectively.

Source : Anadolu Agency

Image :Unsplash

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