Turkiye's economic confidence index declines 1.5% in July 2024

Turkiye’s economic confidence index declined in July 2024, according to the Turkish Statistical Institute (Turkstat). The index, which stood at 95.8 in June 2024, decreased by 1.5 per cent to 94.4 in July.

The consumer confidence index saw a significant decrease of 3.1 per cent, dropping to 75.9 in July. The real sector (manufacturing industry) confidence index also experienced a decline, decreasing by 1.8 per cent to 98.7 compared to the previous month.

Similarly, the retail trade confidence index fell by 1.5 per cent, reaching 107.1 in July 2024, as per Turkstat.

ALCHEMPro News Desk (DP)