Economic confidence in Turkiye surges to 99.4 in January 2024

The Economic Confidence Index in Turkiye witnessed a remarkable upswing in January 2024, reaching 99.4, marking a significant increase from the previous month’s 96.4. This surge reflects a robust 3.1 per cent rise in economic confidence, highlighting Turkiye’s positive economic outlook, as per the Turkish Statistical Institute (Turkstat).

Breaking it down further, the consumer confidence index also saw a substantial boost, rising by 3.9 per cent to attain a value of 80.4. In contrast, the real sector (manufacturing industry) confidence index experienced a modest decline of 0.5 per cent, settling at 102.9.

Meanwhile, the retail trade confidence index decreased by 1.0 per cent, reaching a value of 115.6 in January when compared to the previous month, Turkstat said in a press release.

In January 2024, Turkiye’s Economic Confidence Index soared to 99.4, a notable increase from the previous month’s 96.4, indicating a robust 3.1 per cent growth in economic confidence, according to the Turkish Statistical Institute.
Consumer confidence rose by 3.9 per cent to 80.4, while the real sector confidence index fell slightly by 0.5 per cent to 102.9.

Fibre2Fashion News Desk (KD)

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