Economic confidence index which was 94.3 in September increased by 3.0% in October to 97.1.

Consumer confidence index increased by 5.3% and became 76.2, real sector (manufacturing industry) confidence index increased by 1.8% and became 102.0, services confidence index increased by 0.9% and became 119.3, retail trade confidence index increased by 3.0% and became 119.4, construction confidence index increased by 2.8% and became 90.5 in October compared to the previous month.

Economic confidence index, October 2022

Economic confidence index, confidence indices and the rate of changes, October 2022

Index values are seasonally adjusted.

The next release on this subject will be on November 29, 2022.
___________________________________________________________________________________________________

EXPLANATIONS

Economic confidence index is a composite index that encapsulates consumers’ and producers’ evaluations, expectations and tendencies about general economic situation. The index is combined by means of a weighted aggregation of sub-indices of seasonally adjusted consumer confidence, real sector, services, retail trade and construction confidence indices.

In the calculation of economic confidence index, each sectoral weights are not directly applied to the five confidence indices themselves but to their normalised individual sub-indices series as equally-distributed in each sector. Within this scope, totally 20 sub-indices of confidence indices for consumer, real sector, services, retail trade and construction are used in the calculation.

Sub-indices used in the calculation of economic confidence index are calculated with data collected in the first two weeks of each month.

It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it indicates a pessimistic outlook when it is below 100.,

Source: TÜİK 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.

Source: İTÜİK
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.

Consumer confidence index increased to 72.8, services confidence index increased to 102, retail trade confidence index increased to 102.8 and construction confidence index increased to 86.3 in May. Real sector confidence index decreased to 104.8 in May.

Economic confidence index, May 2017
Economic confidence index, sectoral indices and the rate of changes, May 2017

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.

Economic confidence index increased by 3.6% compared to previous month increasing from 96 to 99.5 in April. This increase in economic confidence index stemmed from the increases in consumer, retail trade and services confidence indices.

Consumer confidence index increased to 71.3, retail trade confidence index increased to 101.6 and services confidence index increased to 99.9 in April.

Construction confidence index decreased to 85.7 and real sector confidence index decreased to 106.3 in April.

Economic confidence index, April 2017

Economic confidence index, sectorial indices and the rate of changes, April 2017

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.

Services confidence index increased to 92.9, real sector confidence index increased to 106.5, construction confidence index increased to 76.4 and retail trade confidence index increased to 97.9 in February. Consumer confidence index decreased to 65.7 in February.

Economic confidence index, February 2017
Economic confidence index, sectorial indices and the rate of changes,
February 2017

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.