Turkish economic confidence index rises in October

Breaking down the individual components, the Consumer Confidence Index rose by 4.4%, reaching 74.6. The Real Sector Confidence Index, specifically in the manufacturing industry, saw a modest increase of 0.2% to reach 105.3.

Meanwhile, the Services Confidence Index exhibited a 0.5% rise, reaching 113.6. On the other hand, the Retail Trade Confidence Index experienced a 3.3% decrease, settling at 113.9. The Construction Confidence Index showed growth as well, increasing by 0.9% to reach 89.1 compared to the previous month.

This data showcases a mixed pattern of changes in various sectors, with significant increases in consumer and service sectors but a decline in retail trade confidence. The positive growth in the economic confidence index suggests an overall improvement in the economic sentiment for the month of October. (ILKHA)