Türkiye's Economic Confidence Rises in September

According to official data released on Monday, Türkiye's economic confidence increased by 0.1 percentage points, reaching 98 in September compared to the previous month.

Two sub-indexes posted declines, while three sub-indexes increased, according to the Turkish Statistical Institute (TurkStat), The Caspian Post reports citing Anadolu Agency.

The construction confidence index increased by 3.6%, the retail trade confidence index increased by 0.4%, and the real sector - or manufacturing industry - confidence index increased by 0.2%.

The consumer confidence index decreased by 0.4% while the services confidence index decreased by 0.1%.

The economic confidence index, a key indicator of the overall economic situation, hovers between 0 and 200.

A reading above 100 indicates optimism about the overall economic outlook, while a value below 100 reflects a more pessimistic assessment.