The confidence in the Turkish economy advanced month-on-month in September, according to official data released on Tuesday.
“Economic confidence index which was 85.9 in August increased by 3.1% in September to 88.5,” the Turkish Statistical Institute (TurkStat) said in a report.
CONSUMER CONFIDENCE CLIMBED 3.2 PERCENT
The month-on-month rise was driven by improvements in consumer confidence, services, and real sector indices.
Sub-indices for services and consumer confidence climbed 6.4% and 3.2% during the same period.
Although being in the positive territory, real sector confidence index posted a slight rise this month, up 0.5% from August. In September, the construction and retail trade readings were in the negative zone, falling 2% and 1.5%, respectively.