Sectoral confidence indices affirm positive stance in Turkish economy
File photo shows a person counting Turkish lira banknotes alongside U.S. dollar bills. (AA Photo)
Confidence across Türkiye’s key economic sectors moved up in December, the Turkish Statistical Institute (TurkStat) announced on Wednesday, signaling a positive outlook as the year concludes.
The survey-based index is calculated on a scale of 0 to 200, with values above 100 indicating optimism, while those below signal a cautious or pessimistic outlook.
According to seasonally adjusted data:
- The confidence index for retail trade increased by 1.2%, reaching 113.
- The services sector recorded a 2.4% rise, climbing to 113.6.
- The construction sector posted a 1.9% increase from the previous month, reaching 89.4.
The latest figures underscore sustained optimism in retail trade and services. However, the construction sector remains below the neutral threshold, reflecting continued challenges in the industry.
Confidence in real sector lower in December
However, other key data released on Wednesday by the Central Bank of the Republic of Türkiye (CBRT) indicated a slight decline in December:
- According to CBRT figures, the Real Sector Confidence Index (RSCI)—which gauges the confidence level of representatives from the real sector, including manufacturing and trade businesses, regarding current economic conditions and future expectations—fell by 1.3 points to 99.1, with seasonally adjusted calculations showing a 0.7-point decrease.
- The Capacity Utilization Rate (CUR)—which measures the extent to which an economy or business utilizes its productive capacity—also dropped by 0.3 points to 75.8, while seasonally adjusted calculations remained stable at 75.6 points.
