Türkiye's economic confidence up in September
3 of 5 sub-indexes post gains, according to Turkish Statistical Institute
ISTANBUL
Türkiye's economic confidence improved by 0.1 percentage points to 98 in September on a monthly basis, according to official figures released on Monday.
Two sub-indexes posted declines, while three sub-indexes increased, the Turkish Statistical Institute (TurkStat) reported.
The construction confidence index increased by 3.6%, the retail trade confidence index increased by 0.4%, and the real sector - or manufacturing industry - confidence index increased by 0.2%.
The consumer confidence index decreased by 0.4% while the services confidence index decreased by 0.1%.
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.
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