Türkiye's economic confidence index falls to 94.4 in July
The Turkish Statistical Institute announced on Tuesday that the economic confidence index has decreased to 94.4 in July, a 1.5% drop from June’s index of 95.8.
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The consumer confidence index saw a significant decrease of 3.1%, falling to 75.9. The real sector (manufacturing industry) confidence index declined by 1.8%, reaching 98.7. The services confidence index decreased by 1.1% to 114.1, while the retail trade confidence index fell by 1.5% to 107.1. The construction confidence index experienced a slight decrease of 0.9%, dropping to 87.1.
These declines across various sectors indicate a broad-based reduction in economic confidence in Türkiye for the month of July. (ILKHA)
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