Turkey Economic Confidence Index Climbs to 98.9, Still Below 100 Despite 5 Broad Gains
Updated
Updated · TradingView · Jun 26
Turkey Economic Confidence Index Climbs to 98.9, Still Below 100 Despite 5 Broad Gains
2 articles · Updated · TradingView · Jun 26
Summary
Turkey’s economic confidence index rose to 98.9 in June from 97.2 in May, its highest reading since February after all five sub-indexes increased.
Consumer confidence led the improvement, climbing 2.5% month on month to 87.9 from 85.8, the strongest gain among the components.
Manufacturing edged up to 102 from 101, services to 110.5 from 109, retail trade to 112.8 from 112.5, and construction to 83 from 82.1.
The June rebound still left the headline index below the 100 mark, signaling that overall sentiment remains pessimistic despite the broad-based pickup.