Turkey’s economic confidence index up 4.8% m/m in July

By bne IntelliNews July 30, 2015

The economic confidence index rose 4.8% m/m to 83.6 in July, data of the statistics office TUIK showed on July 30.

The index that declined to its historically lowest level in June rose as overall business confidence, service sector confidence and retail sector confidence increased in July.

Consumer confidence decreased 2.7% m/m in July after rising 3.4% m/m in the previous month, TUIK said, adding that the increase in retail industry confidence was 0.7% m/m vs 0.3% m/m rise in June. The index measuring business confidence in the construction industry declined 2.8% m/m in July after rising 1.6% m/m in the previous month.

Confidence may take a hit from political uncertainties in the coming period.

Turkey's Confidence Indices

 

 

 

 

 

 

 

 

 

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Economic

94.1

93.6

91.8

80.5

82.7

84.0

79.8

83.6

Consumer

67.7

67.7

68.1

64.4

65.4

64.3

66.4

64.7

Real Sector

108.3

106.4

104.2

101.1

102.6

103.8

101.5

102.9

Services

98.8

100.8

101.6

100.9

100.4

100.6

99.3

100.7

Retail

107.2

104.3

103.4

103.1

101.8

103.3

103.7

104.4

Construction

83.4

82.5

84.9

83.5

81.0

83.4

84.7

82.3

source: tuik

 

 

 

 

 

 

 

 

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