Home News Turkey’s economic confidence index hit 73.5 points in June 2020

Turkey’s economic confidence index hit 73.5 points in June 2020

524
0
​As Turkey adapts to the “new normal” with the easing of COVID-19 measures, the economic confidence index of the country has rebounded accordingly. Turkish Statistical Institute (TurkStat) data shows that Turkey’s economic confidence index hit 73.5 points in June, up 19.1 percent on a monthly basis.
Minister of Treasury and Finance Berat Albayrak released a comment, saying, “Confidence in the Turkish economy is on the rise. I hope we will continue 2020 with this performance and take it even further next year.”
While in April the economic index dropped to 51.3 points, in May it rose to 61.7 points and then to 73.5 points in June. The main reason behind the jump in confidence in the Turkish economy is the developments made in the consumer, real, services, retail trade, and construction sectors after the government agreed to ease the restrictions.
According to TurkStat, the consumer confidence index increased by 5.2 percent to 62.6 and the real sector confidence index increased by 22.2 percent, reaching 89.8 in June.

Source: Investment Office /Link: https://www.invest.gov.tr/en/news/news-from-turkey/pages/turkey-sees-rise-in-economic-confidence-index.aspx
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


Previous articleTotal insured value of state supported agricultural insurance in Turkey increased by 30.7% in 2019
Next articleConsumer price index in Turkey increased by 1.13% on the previous month

LEAVE A REPLY

Please enter your comment!
Please enter your name here