Economic confidence in Türkiye improved in December to reach an eight-month high, according to official data released Monday.
The economic confidence index rose by 1.8% compared to November, reaching 98.8, the Turkish Statistical Institute (TurkStat) said.
This increase marked a reversal of November’s 0.9% month-on-month decline.
All sub-indexes saw improvements in December, except for the real sector (the manufacturing industry) – which fell by 0.7% to 102.7, TurkStat data showed.
The services confidence index rose 2.4% to 113.6, while the consumer and construction confidence indexes both increased by 1.9%, reaching 81.3 and 89.4, respectively.
The retail trade confidence index grew by 1.2%, reaching 113.0 in December.
A confidence index above 100 indicates optimism about the overall economic outlook, while a value below 100 reflects a more pessimistic assessment.
