The Turkish Statistical Institute (TÜİK) announced that the Economic Confidence Index for February stood at 100.7.
The index, which is above the neutral benchmark of 100, signals growing optimism about the economy.
Sub-Indices Consumer Confidence Index: 85.7 (+2.3) Manufacturing Confidence Index: 104.1 (+1.1) Services Confidence Index: 113.8 (no change) Retail Trade Confidence Index: 115.9 (+2.9) According to a TÜİK official, the rise in the Economic Confidence Index reflects improved expectations among consumers and producers, especially in manufacturing and retail sectors.
“The increase in the Economic Confidence Index shows that consumer and producer expectations have improved,” said a TÜİK official.
This development strengthens signals of recovery in the Turkish economy and could boost investor confidence.
TÜİK: February Economic Confidence Index Rises to 100.7
Turkey's statistical agency reported the February Economic Confidence Index at 100.7, indicating increased optimism in the economy, with rises in consumer and producer expectations.
Sources
- Cumhuriyet · baglanti