Published October 30,2023
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Türkiye’s financial confidence index was up by 1.2% month-on-month in October, the Turkish Statistical Institute (TurkStat) mentioned on Monday.
The index climbed from 95.4 to 96.5 from September to October, TurkStat acknowledged.
It rose 4.4% for customers, 0.9% for the development, 0.5% for providers, and 0.2% for actual sector, whereas dropping 3.3% for the retail gross sales sector.
The financial confidence index is a composite index that encapsulates customers’ and producers’ evaluations, expectations, and tendencies in regards to the common financial scenario.
It signifies an optimistic outlook whether it is above 100, or a pessimistic outlook if under 100.
Source: www.anews.com.tr