TurkStat reports decline in Turkish economic confidence for June
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The Turkish Statistical Institute (TurkStat) released economic confidence index data for June Thursday.
According to the data, the index decreased by 2.5% in June to 95.8 from 98.2 in May.
In June compared to the previous month:
- Consumer confidence index: decreased by 2.7% to 78.3
- Real sector (manufacturing industry) confidence index: decreased by 1.9% to 100.5
- Services sector confidence index: decreased by 1.5% to 115.4
- Retail trade sector confidence index: decreased by 2.6% to 108.8
- Construction sector confidence index: decreased by 0.5% to 87.9
ORC reveals pessimism over Turkish economic recovery
Additionally, ORC Research surveyed from June 10-14, 2024, involving 5,620 participants about the Turkish economy.
Participants were asked if they believed the Turkish economy would recover.
A significant 69.8% of respondents indicated they did not believe the economy would improve, while 20.6% were optimistic, and 9.6% did not express a clear opinion.