Categories: Economy

TURKSTAT: Confidence in the economy increased in April

The Turkish Statistical Institute (TUIK) announced the Economic Confidence Index for April 2023.

Consequently, while the economic confidence index was 98.8 in March, it rose 3.5 percent in April to 102.2.

If the economic confidence index is greater than 100, it indicates optimism about the general economic situation, and less than 100 indicates pessimism about the general economic situation.

REDUCED IN RETAIL AND CONSTRUCTION

Compared with the previous month, the consumer confidence index increased 9.2 percent to 87.5 in April, the real sector (manufacturing) confidence index increased 1.0 percent to 105.1, the service sector confidence index rose 1.1 percent to 118, taking the value 1.

The retail trade confidence index decreased 1.3 percent to 116.2, the construction confidence index decreased 0.1 percent to 88.4.

Source: Sozcu

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.