Tuesday, Sep 29

Turkey's economic confidence improves in July

According to the data shared by statistical authority, the index climbed 11.8 percent from June, hitting 82.2 this month.
30.07.2020 - 10:41

Confidence in the Turkish economy continued to recover for three consecutive months after falling sharply in April amid coronavirus pandemic, according to official data.

REAL SECTOR, CONSTRUCTION AND RETAIL TRADE CONFIDENCE INDICES

The Economic Confidence Index climbed 11.8% compared to the last month, hitting 82.2 in July, the Turkish Statistical Institute (TurkStat) said in a report.

The figure was 73.5 in June and 84.6 in July 2019.

The rise in the index was driven by improvements in three sub-readings -- services, real sector, construction and retail trade confidence indices.