The index reflects optimism when above 100 and pessimism when below 100.
The economic confidence index primarily reflects trends in consumer confidence, seasonally-adjusted manufacturing sector and services sector confidence. It also incorporates trends from the retail trade and construction sectors.
Turkiye’s economic confidence reached its highest level in 22 months in March, with the related index jumping by 1.6 per cent month on month (MoM) to 100.8; it was 99.2 in February.
The consumer confidence index rose by 4.6 per cent MoM in March, reaching 85.9, while the manufacturing confidence index rose by 0.4 per cent to 103.2.
The retail sector confidence index fell by 2.5 per cent to 113.4.
The consumer confidence index rose by 4.6 per cent MoM in March, reaching 85.9, while the manufacturing confidence index increased by 0.4 per cent to 103.2, the data showed.
The retail trade sector confidence index dropped by 2.5 per cent to 113.4, TurkStat said.
Fibre2Fashion News Desk (DS)
