Turkiye's economic confidence rises in January 2024

However, not all sectors mirrored this upward trend. The manufacturing industry’s confidence index experienced a slight decrease of 0.5 per cent, bringing it down to 102.9. Similarly, the retail trade confidence index also saw a decline, dropping by 1 per cent to 115.6.

It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it indicates a pessimistic outlook when it is below 100, according to TurkStat.

Fibre2Fashion News Desk (DP)