April 1, 2024
Economic Confidence Index in Türkiye, March 2024
Economic confidence index realized as 100.0
Economic confidence index which was 99.0 in February increased by 1.0% in March to 100.0.
Consumer confidence index increased by 0.02% and became 79.4, real sector (manufacturing industry) confidence index increased by 1.5% and became 103.5, services confidence index increased by 1.5% and became 120.4, retail trade confidence index decreased by 1.0% and became 113.3, construction confidence index decreased by 3.6% and became 88.6 in March compared to the previous month.
Economic confidence index, confidence indices and the rate of changes, March 2024
| Index | Percentage change over the previous month (%) |
|||
|---|---|---|---|---|
| February | March | February | March | |
| Economic confidence index | 99.0 | 100.0 | -0.4 | 1.0 |
| Consumer confidence index | 79.3 | 79.4 | -1.3 | 0.02 |
| Real sector confidence index | 102.0 | 103.5 | -0.9 | 1.5 |
| Services confidence index | 118.6 | 120.4 | 1.6 | 1.5 |
| Retail trade confidence index | 114.5 | 113.3 | -1.0 | -1.0 |
| Construction confidence index | 91.8 | 88.6 | 1.0 | -3.6 |
Index values are seasonally adjusted. There is no seasonal effect in the consumer confidence index.
The next release on this subject will be on April 29, 2024.
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EXPLANATIONS
The economic confidence index can take value between 0 and 200. It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it indicates a pessimistic outlook when it is below 100.
Source: Turkish Statistical Institute (TurkStat)
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