Economic confidence continue to improve in July

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Confidence in the Turkish economy continued to recover for three consecutive months after falling sharply in April amid coronavirus pandemic, according to official data.

The Economic Confidence Index climbed 11.8% compared to the last month, hitting 82.2 in July, the Turkish Statistical Institute (TÜİK) said in a report.

The figure was 73.5 in June and 84.6 in July 2019.

The rise in the index was driven by improvements in three sub-readings – services, real sector, construction and retail trade confidence indices.

Hurriyet Daily News

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