Turkey's economic confidence index rose to 97.2 in May
Turkey's economic confidence index rose 0.8% month on month to 97.2 in May. Improvements in the sub-indices contributed to the increase. The data points to a measured recovery in expectations about the economy.
According to TRT Haber Ekonomi, Turkey's economic confidence index rose 0.8% month on month to 97.2 in May. Improvements across the sub-indices contributed to the increase.
The economic confidence index is a composite gauge that combines the expectations of consumer and producer sectors; readings below 100 indicate a relatively pessimistic outlook on the economy, while readings above it indicate optimism. The May figure points to a measured recovery in expectations.
The data was released as debates over fighting inflation and monetary policy continue. The direction of the index in the months ahead will depend on price increases and employment indicators.
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