Hitting 82.2 in July, Türkiye’s economic confidence index (ECI) jumped even higher in August.
According to the data released by the Turkish Statistical Institute (TurkStat), ECI climbed to a reading of 85.9 in August, scoring a 4.4 percent rise. The recent leap in ECI figures was propelled by three main sectors; manufacturing, services and retail trade.
Where Services Confidence Index scored 70.5, rising by 5.8 percent and Retail Trade Confidence Index 94.9 with a 0.2 percent rise, it was the Manufacturing Confidence Index that contributed the most to the uplifting ECI tally, posting 105.2 with a 5.8 percent increase in August.