Türkiye's economic confidence down in July
Türkiye's economic confidence down in July
Economic confidence index falls by 1.5% to 94.4
Türkiye's economic confidence index decreased by 1.5% to 94.4, according to the Turkish Statistical Institute's report released on Tuesday.
In July, all sub-indexes experienced declines on a monthly basis.
The consumer confidence index saw the largest drop, falling by 3.1% to 75.9 and the real sector confidence index followed it by dropping 1.8% to 98.7.
The retail trade confidence index fell by 1.5% to 107.1, while the services confidence index decreased by 1.1% to 114.1. The construction confidence index saw a 0.9% decline, reaching 87.1.
The economic confidence index, as a vital gauge, can be between 0 and 200, it indicates an optimistic outlook when it is above 100, and pessimistic when it is below 100.
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