Economic confidence index at 77.5 pts

Dünya Executive - - OVERVIEW -

Turkey’s economic confidence index was recorded at 77.5 points this month, the statistica­l authority announced on May 28. Confidence in the Turkish economy fell by 8.5 percent month-on-month in May, TurkStat said. All sub-indices contribute­d negatively to the May figure, the data revealed. “This decrease in the economic confidence index stemmed from the decreases in consumer, real

sector (manufactur­ing industry), services, retail trade and constructi­on confidence indices,” it said. The consumer confidence index posted the highest monthly decline among other subindices at 13 percent in May. The constructi­on confidence index followed with a 7.7 percent slide during the same period. The data showed that confidence in the real sector, services and retail trade went down by 5.3 percent, 4.4 percent and 0.7 percent, respective­ly.

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