Economic confidence in Turkey jumps in MayChristian Fernsby ▼ | May 28, 2020
Turkey's economic confidence index improved sharply to 61.7 in May, the country's statistical authority said on May 28.
May figure jumped Turkey airport
The month-on-month rise was driven by improvements in the consumer, real sector, services, retail trade, and construction confidence indices.
The construction confidence index surged the most from last month, at 31.1%. The service and consumer confidence indexes followed with 10.8% and 8.5% rises, respectively.
The retail trade confidence index also saw a 5% increase.
The economic confidence index is a composite index that encapsulates consumers' and producers' evaluations, expectations, and tendencies about the general economic situation, according to TÜİK.
It indicates an optimistic outlook about the general economic situation when the index is above 100, while it shows a pessimistic outlook when below 100. ■