Turkey: Economic sentiment increases in January
Economic sentiment rose to 96.5 in January from December’s 93.8. Nonetheless, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial, construction and services sectors. On the flip side, sentiment in the retail sector softened in the surveyed month. Lastly, consumer confidence increased in January.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in January.