The confidence index in the Turkish economy increased by 2.1% in May 2022

The confidence index in the Turkish economy increased by 2.1% in May to reach 96.7 points, according to the statement of the Turkish Statistics Authority 2022

The confidence index in the Turkish economy increased by 2.1% in May 2022
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2022-05-30 Last update 2022-05-30

The confidence index in the Turkish economy increased by 2.1% in May 2022

The Turkish Statistics Authority revealed in a statement the rise in consumer confidence indicators, the service sector, and retail trade in Turkey, check the details through Imtilak Real Estate company.

The Turkish economy

The economic confidence index rose by 2.1% in May

The statement of the Turkish Statistics Authority stated that the confidence index in the Turkish economy increased by 2.1% during the current month of May, to reach 96.7 points on a monthly basis, compared to last April. The statement indicated that recording this increase in the confidence index came as a result of the rise in consumer confidence, services sector, and retail trade indices.

In this context, the consumer confidence index recorded in May an increase of 0.4%, to reach 67.6 points on a monthly basis, while the confidence index of the retail trade sector increased by 1.7%, to reach 121.4 points, and the confidence index of the services sector increased by 6.1%, To reach 121.7 points.

The Economic Confidence Index is a composite index containing consumer and producer assessments and expectations on the overall state of the economy in Turkey.

الضمان الحكومي انجليزي الضمان الحكومي انجليزي

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Sources
Turk Press
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