Turkish Statistical Institute (TUIK) announced the Economic Confidence Index for March.
Compared to the previous month, in March, the consumer confidence index increased by 0,02 percent to 79,4, the real sector (manufacturing industry) confidence index increased by 1,5 percent to 103,5, and the service sector confidence index increased by 1,5 percent to 120,4. The retail trade sector confidence index decreased by 1,0 percent to 113,3, and the construction sector confidence index decreased by 3,6 percent to 88,6.
Economic confidence index can take values between 0-200…
An economic confidence index greater than 100 indicates optimism regarding the general economic situation, and a value below 100 indicates pessimism regarding the general economic situation.
