The Turkish Statistical Institute has announced the Turkish Economic Confidence Index report for October 2019.
According to the data, confidence in the Turkish economy has increased, and the construction sector confidence index has also risen.
The Turkish Statistics Institute published its report about Economic Confidence Index for October 2019.
While the Turkish Economic Confidence Index was announced as 86 in September, it is increased by 4.5% and reached 89.8 in October.
Construction Sector Confidence Index Up 8.3%
Due to the improvement in the Turkish economy in general, the Economic Confidence Index started to rise, and the construction sector confidence index increased by 8.3% compared to the previous month and reached 65.1 in October.
The real sector confidence index has the largest share in the rise among economic indicators.
Economic Confidence and Change Index for October 2019
|Index||The rate of change compared to the previous month (%)|
|Economic Confidence Index||86.0||89.8||-1.3||4.5|
|Consumer Confidence Index||55.8||57.0||-4.3||2.1|
|Real Sector Confidence Index||99.7||104.2||-2.4||4.5|
|Service Confidence Index
|Retail Confidence Index||97.6||102.3||2.7||4.8|
|Construction Confidence Index
The increase in the economic confidence index resulted from the increases in consumer, real sector (manufacturing industry), services, retail trade, and construction sector confidence indices.
In October, the consumer confidence index rose to 57, and the real sector confidence index rose to 104.2.
However, the service sector confidence index rose to 90.7, the retail sector confidence index rose to 102.3, and the construction sector confidence index rose to 65.1.
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