ISTANBUL

Turkey’s economic confidence index rose to 91.3 in November on a monthly basis, according to official data released on Thursday.

The figure rose 1.7% from 89.8 in October, the Turkish Statistical Authority (TurkStat) said.

Improvement in consumer, real sector and services sector confidence indices led to the rise in economic confidence, it added.

“Consumer, real sector and services confidence indices increased to 59.9, 105.9 and 91.3 respectively in November,” TurkStat noted.

It also said retail trade and construction confidence indices dropped to 101.2 and 63.9 respectively in the month.

The economic confidence index is a composite index that encapsulates

Read more: Turkey: Economic confidence index at 91.3 in November