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Turkiye's economic confidence shows modest growth in October 2023

31 Oct '23
1 min read
Pic: Adobe Stock/TexBr
Pic: Adobe Stock/TexBr

Insights

  • Turkiye's overall economic confidence index rose modestly by *.* per cent, moving from *.* in September to *.* in October.
  • The consumer confidence index saw a notable increase of *.* per cent, reaching *.* , following a *.* per cent surge in September.
  • Contrarily, the country's retail trade confidence index dropped by *.* per cent to *.*.

The consumer confidence index experienced a significant uptick, increasing by *.* per cent to reach **.*, compared to **.* in the previous month. This comes after a *.* per cent surge in September. Notably, this particular index is not subject to seasonal adjustments, the Turkish Statistical Institute (TurkStat) said in a press release.

Meanwhile, the real sector confidence index, which pertains to the manufacturing industry, edged up slightly from ***.* to ***.*. This minor change represents a *.* per cent increase in October, following a *.* per cent increment in September.

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