Updated
Updated · Hurriyet Daily News · Jun 29
Türkiye Economic Confidence Index Rises 1.8% to 98.9 in June as All Major Sectors Improve
Updated
Updated · Hurriyet Daily News · Jun 29

Türkiye Economic Confidence Index Rises 1.8% to 98.9 in June as All Major Sectors Improve

2 articles · Updated · Hurriyet Daily News · Jun 29

Summary

  • Türkiye’s economic confidence index climbed to 98.9 in June from 97.2 in May, marking a 1.8% monthly increase but remaining just below the 100 optimism threshold.
  • Consumer and business sentiment both strengthened, with gains across manufacturing, services, retail trade and construction driving the broader improvement, TÜİK data showed.
  • Consumer confidence rose 2.5% to 87.9, while manufacturing confidence increased 1.0% to 102.0 and services confidence advanced 1.4% to 110.5.
  • Retail trade confidence edged up 0.3% to 112.8, and construction confidence gained 1.1% to 83.0, suggesting the recovery in sentiment was broad but still uneven.

Insights

With Mideast conflict fueling inflation, is Türkiye's economic confidence built on sand?
As confidence rises, will the unresolved EU customs union issue cap Türkiye's growth?
Can Şimşek's reforms truly stabilize the Lira while a war rages next door?