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Turkish Economic Confidence Index rises to 98.8 in December

02 Jan '25
1 min read
Turkish Economic Confidence Index rises to 98.8 in December
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Insights

  • The Turkish Economic Confidence Index rose by 1.8 per cent in December to 98.8, with the Consumer Confidence Index increasing by 1.9 per cent to 81.3.
  • While the Real Sector Confidence Index fell by 0.7 per cent to 102.7, the Services Index grew by 2.4 per cent to 113.6.
  • Retail Trade and Construction Confidence Indices also increased, reaching 113.0 and 89.4, respectively.
The Turkish Economic Confidence Index (ECI), reached 98.8 in December, witnessing an increase of 1.8 per cent compared to 97.1 in November. The country’s Consumer Confidence Index rose 1.9 per cent to reach 81.3, as per the Turkish Statistical Institute.

The Real Sector Confidence Index (manufacturing industry) decreased by 0.7 per cent in December to 102.7, and the Services Confidence Index increased by 2.4 per cent to reach 113.6 in December compared to November.

The Retail Trade Confidence Index increased by 1.2 per cent to 113.0 and Construction Confidence Index increased by 1.9 per cent to 89.4 in December compared to the previous month, said the Turkish Statistical Institute in a press release.

ALCHEMPro News Desk (SG)

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