Türkiye’s financial confidence weakened barely in February when in comparison with a month earlier, official information confirmed Wednesday, led primarily by a drop in client morale, which deteriorated for the primary time since August.
The financial confidence index fell 0.4% month-over-month to 99 factors in February, the information from Turkish Statistical Institute (TurkStat) confirmed.
The client confidence index declined 1.3% to 79.3, retail commerce sector confidence was down by 1% to 114.5, whereas the actual sector confidence index dropped 0.9% to 102.
Meanwhile, the development confidence index picked up by 1% when in comparison with the earlier month to 91.8 in February, and the companies index climbed 1.6% to 118.6, based on the information, respectively.
The financial confidence index is a composite index that encapsulates customers’ and producers’ evaluations, expectations, and tendencies in regards to the basic financial state of affairs.
It signifies an optimistic outlook whether it is above 100 or a pessimistic outlook if under 100.
Source: www.dailysabah.com