Turkey: Economic sentiment stable in April
Economic sentiment came in at 96.6 in April, matching March’s reading. Consequently, 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 and retail sectors. Moreover, consumer confidence was up in April. These improvements were offset by weaker sentiment in the construction and services sectors.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index increased in April.