Türkiye’s economic confidence index dips slightly in July
13 oC
13 oC
Güneşli
13 oC
Güneşli
The Turkish Statistical Institute (TurkStat) announced on Wednesday that Türkiye's Economic Confidence Index fell marginally by 0.4% in July, dropping from 96.7 in June to 96.3.
According to the institute, the decline reflects mixed performances across various sectors. The Consumer Confidence Index saw a notable decrease of 1.8%, settling at 83.5. The Services Confidence Index also declined by 0.8%, reaching 110.0, while the Retail Trade Confidence Index edged down by 0.5% to 107.9.
On the other hand, some sectors showed resilience. The Real Sector (Manufacturing Industry) Confidence Index rose by 0.5% to 98.9, and the Construction Confidence Index increased by a more robust 2.2%, reaching 88.8 in July compared to the previous month.
The Economic Confidence Index, a composite indicator reflecting overall sentiment in the Turkish economy, highlights a cautious outlook among consumers and service providers, tempered by modest gains in manufacturing and construction. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Türkiye welcomed 26.39 million visitors in the first six months of 2025, generating $25.6 billion in tourism revenue despite global challenges, Culture and Tourism Minister Mehmet Nuri Ersoy announced at a press conference in Istanbul.
The Turkish Statistical Institute (TurkStat) reported a significant rise in the Services Producer Price Index (S-PPI) for June 2025, with a 37.40% annual increase and a 4.72% monthly uptick.
Türkiye's foreign trade saw significant growth in June 2025, with exports rising by 7.9% to $20.515 billion and imports increasing by 15.2% to $28.688 billion compared to June 2024, according to provisional data released by the Turkish Statistical Institute (TurkStat).
Türkiye is set to introduce a new law to bolster the development of Small Modular Reactors (SMRs) as part of its ambitious goal to achieve 20,000 megawatts of nuclear power capacity by 2050, Energy and Natural Resources Minister Alparslan Bayraktar announced Wednesday.
