Home Economy Turkey Economic Confidence At 14-Month Low

Turkey Economic Confidence At 14-Month Low

by RTTNews Staff Writer

Turkey’s economic confidence weakened to the lowest since May last year, survey results from the Turkish Statistical Institute showed on Thursday.

The economic sentiment index fell to 93.4 in July from 93.6 in June. The decline was driven by the deterioration in manufacturing, services and retail trade confidence indices.

The latest sentiment was the lowest since May last year, when the reading was 92.8.

The confidence index for the manufacturing industry fell to 102.5 in July and the measure for services declined to 117.8.

The sentiment index in retail trade weakened to 113.4, while that in construction rose to 85.0.

The consumer confidence index improved to 68.0 in July from 63.4 in the previous month.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.



Source links

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy