July Turkish Economic Indices Boost Optimism

A score of data released Monday (27 July) brought along increasing optimism, indicating that business confidence and economic activity have been recovering in Turkey in July.

The Central Bank of the Republic of Turkey (CBRT) showed business confidence among Turkish manufacturers rose by 8.1 points to 100.7 points in July compared to 92.6 points in June, Knowing that a score of 100 or more denotes optimism.

Turkey’s construction sector confidence index reached 87 in July, rising 11.6% from last month, mainly driven by an increase in the current overall order books subindex.

Turkey's construction sector confidence index reached 87 in July, rising 11.6% from last month, mainly driven by increase in current overall order books sub-index.

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