Turkiye’s economic confidence index rises 1.4% in May

Turkiye’s economic confidence index which was 102.2 in April increased by 1.4 per cent in May to 103.7, according to data released by the Turkish Statistical Institute (TUIK). The month-to-month change was 3.5 per cent in April.

The consumer confidence in Turkiye rose from 87.5 in April to 91.1 in May. The change rate also grew from 9.2 per cent in April to 4.0 per cent in May, showing that although the consumer confidence improved, the rate of increase slowed down.

The retail trade confidence rose marginally from 116.2 in April to 116.7 in May. The rate of change reflected this slight increase, moving from a -1.3 per cent change in April to a 0.4 per cent increase in May, as per the data.

Turkiye’s economic confidence index rose by 1.4 per cent to 103.7 in May, according to TUIK data.
Consumer confidence also increased from 87.5 to 91.1, despite the rate of increase slowing from 9.2 per cent to 4 per cent.
The retail trade confidence saw a marginal rise from 116.2 to 116.7, with a change rate moving from -1.3 per cent to 0.4 per cent.

Fibre2Fashion News Desk (KD)

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