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World Economy

Turkey ECI Plummets

Turkey’s economic confidence regressed to 85.7 in January with a 3.9% decrease compared to the previous month, data from the Turkish Statistics Institute showed on Jan. 30, Anadolu Agency reported. The decrease in the economic confidence index mainly stemmed from the decline in services, real sector, construction and retail trade confidence indices. Services confidence index decreased to 87.5, real sector confidence index decreased to 100.5, construction confidence index decreased to 74.8 and retail trade confidence index decreased to 95.9 in January. While consumer confidence index increased to 66.9 in January.