Turkey's economic confidence rises 4.4% in August

ANKARA

Turkey’s economic confidence index surged 4.4% month-on-month, hitting 85.9 in August, according to the country’s statistical institute Friday.

The figure rose from 82.2 in July thanks to improvements in sub-readings of the real sector, services, and retail trade.

The real sector confidence index saw the highest rise in August, up 5.8% to 105.2.

It was followed by the services and retail trade confidence sub-indices, which rose 5.7% and 0.2% during the same period.

“On the other hand, consumer confidence index decreased by 2.2% and became 59.6 and construction confidence index decreased by 2.3% and became 85.0 in August,” TurkStat said.