• Linkdin

Economic confidence in Turkiye dips slightly in February 2024

01 Mar '24
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In February 2024, Turkiye's economic confidence saw a minor decline of 0.4 per cent to 99, according to Turkstat.
  • The consumer confidence index dropped by 1.3 per cent to 79.3.
  • Additionally, the manufacturing and retail trade sectors experienced decreases in confidence by 0.9 per cent and 1.0 per cent, settling at 102 and 114.5, respectively.
In February 2024, Turkiye witnessed a minor decline in its economic confidence index, marking a 0.4 per cent decrease to settle at 99, down from 99.4 in January 2024, according to the Turkish Statistical Institute (Turkstat). The consumer confidence index, which is a critical indicator of financial stability and the general economic outlook, saw a 1.3 per cent decrease, dropping to 79.3.

Similarly, the manufacturing industry experienced a slight setback with its confidence index reducing by 0.9 per cent to 102.

The retail trade sector was not immune to the trend of declining confidence, with its index falling by 1.0 per cent to 114.5, as per Turkstat.

Fibre2Fashion News Desk (DP)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search