Economic Confidence Index Drops in March

Economic Confidence Index Drops in March

According to TURKSTAT data, while the economic confidence index was 97.5 in February, it decreased by 5.9% in March to 91.8. The Consumer Confidence Index increased by 1.7% in March to 58.2. The Sectoral Confidence Index decreased in the services and retail trade sectors, while it rose in the construction sector. Seasonally adjusted confidence index in March compared to the previous month; While it decreased 6.0% in the service sector and 1.2% in the retail trade sector, it increased 3.7% in the construction sector. Real sector confidence index decreased by 7.6% in March compared to the previous month, 98.6 value, service sector confidence index decreased by 6.0%, 92.5 value, retail trade sector confidence index decreased by 1.2% and 101.7 took its value. While the economic confidence index greater than 100 is optimistic, less than 100 indicates pessimism about the general economic situation.