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Turkiye's economic confidence index falls to 95.8 in June

30 Jun '24
1 min read
Turkiye's economic confidence index falls to 95.8 in June
Pic: Adobe Stock

Insights

  • In June 2024, Turkiye's economic confidence index fell to 95.8, a 2.5 per cent decrease from May's 98.2, according to Turkish statistical institute Turkstat.
  • The retail trade confidence index dropped by 2.6 per cent to 108.8, and the consumer confidence index fell by 2.7 per cent to 78.3.
  • The real sector's confidence index declined by 1.9 per cent to 100.5.
Turkiye's economic confidence index experienced a notable decline in June 2024, dropping to 95.8 from 98.2 in May, a decrease of 2.5 per cent, as per the Turkish statistical institute Turkstat. This decline reflects a broader loss of confidence across various sectors.

The retail trade confidence index decreased by 2.6 per cent, falling from 111.7 to 108.8.

The consumer confidence index saw a significant drop of 2.7 per cent, falling to 78.3 from 80.51 in the previous month, Turkstat said in a press release.

The real sector, encompassing the manufacturing industry, also faced a downturn with its confidence index decreasing by 1.9 per cent, from 102.4 to 100.5.

Fibre2Fashion News Desk (KD)

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