Economy
Economic confidence in Turkish economy down in December
Monthly figure at 86.4 over decreases in sub-indices for construction, retail trade and services, official data shows
Tuba Sahin |
29.12.2020 - Update : 29.12.2020
ANKARA
The confidence in the Turkish economy slipped month-on-month in December, according to Turkish Statistical Institute on Tuesday.
The economic confidence index reached 86.4 this month, down 3.5% from 89.5 previous month, TurkStat said.
The monthly fall was driven by deteriorations in services, retail trade and construction sub-indices.
Services confidence posted the largest decline by 9.2% in the same period. The reading for retail trade and construction slipped by 7.8% and 7.2%, respectively.
This December, the consumer confidence remained stable compared to last month while real sector was the sole sub-index in the positive zone, increasing 2.8%.
