Economic Confidence Index Declines by 0.9% in October

Forex - The economic confidence index was 98.0 in October, and decreased by 0.9% to a value of 97.1 in November. According to the statement from the Turkish Statistical Institute (TÜİK), the consumer confidence index decreased by 1.0% to a value of 79.8 in November compared to the previous month, the real sector (manufacturing industry) confidence index increased by 1.2% to a value of 103.4, the service sector confidence index decreased by 2.9% to a value of 111.0, the retail trade sector confidence index increased by 0.9% to a value of 111.7, and the construction sector confidence index increased by 1.7% to a value of 87.8.

Economic Confidence Index, November 2024 Economic Confidence Index, Confidence Indices and Change Rates, November 2024

Index Change rate compared to the previous month (%)

October November October November

Economic Confidence Index 98.0 97.1 3.2 -0.9

Consumer Confidence Index 80.6 79.8 3.0 -1.0

Real Sector Confidence Index 102.2 103.4 3.0 1.2

Service Sector Confidence Index 114.2 111.0 1.5 -2.9

Retail Trade Sector Confidence Index 110.7 111.7 0.1 0.9

Construction Sector Confidence Index 86.3 87.8 -1.7 1.7

Index values are seasonally adjusted. There are no seasonal effects in the consumer confidence index.