Economic Confidence Index Decreased by 3.9 Percent in October

According to the October Economic Confidence Index data announced by the Turkish Statistical Institute (TSI), the index decreased by 3.9 percent, falling to the level of 97.3.

The Turkish Statistical Institute shared the results of the October Economic Confidence Index. Accordingly, economic confidence recorded a decrease of 3.9 percent in October, taking the value of 97.3. Having risen to the level of 101.3 in September, the index had reached a 3-year peak with this rate.

Different changes occurred in the confidence indices of sub-sectors in October. The consumer confidence index decreased by 7.7 percent to 84.8, and the real sector manufacturing industry confidence index fell by 1.4 percent to 101.1. While the service sector confidence index decreased by 2.4 percent to take the value of 109.2, the retail trade sector confidence index increased by 1.1 percent to the level of 112.5. The construction sector confidence index increased by 0.4 percent, reaching a value of 83.3.