Turkey's economic confidence index at 71 pts

By Tuba Sahin

ANKARA

The confidence in Turkey’s economy fell in September, the Turkish Statistical Institute (TurkStat) revealed on Thursday.

The economic confidence index dropped by 15.4 percent to 71 points in the month, down from 83.9 points in August, TurkStat said in a report.

Data showed that all sub-indexes contributed negatively to the month-on-month decrease in the main reading.

"This decrease in economic confidence index stemmed from the decreases in consumer, real sector, services, retail trade construction confidence indices," the report said.

The construction confidence index saw a slide of 16.7 percent on a monthly basis to 57.3 in September.

Consumer and services confidence indices followed with 13.2 and 9.7 percent declines, respectively.

Confidence in sector and retail trade sectors went down 6.1 percent and 5.2 percent, respectively.