Türkiye's economic confidence index improves in September
Türkiye's economic confidence index increased by 1.3% in September to 95.4, according to the Turkish Statistical Institute (TurkStat).
The index, which measures the confidence levels of consumers, businesses, and investors, was up from 94.1 in August.
TurkStat said that the consumer confidence index increased by 5.1% in September, while the real sector (manufacturing industry) confidence index increased by 0.5%.
The services confidence index decreased by 2.0%, while the retail trade confidence index increased by 3.0%. The construction confidence index increased by 1.0%.
The improvement in the economic confidence index is a positive sign for the Turkish economy. It suggests that businesses and consumers are becoming more optimistic about the future.
The Turkish government has been taking a number of steps to boost the economy, including lowering interest rates and increasing infrastructure spending. The government is also working to improve relations with other countries, which could lead to increased trade and investment.
The economic confidence index is a key indicator of the health of the Turkish economy. An improvement in the index is likely to boost business investment and consumer spending, which could lead to economic growth. (ILKHA)