Confidence in Turkey’s economy declines in July

TURKSTAT (Turkish Statistics Institute) has announced that the economic confidence index has gone down from 93.6 in June to 93.4 in July corresponding to a 0.2 percent decrease.

The Turkish Statistical Institute (TURKSTAT) announced its Economic Confidence Index for July 2022.

Accordingly, the economic confidence index decreased by 0.2 percent to 93.4, compared to 93.6 in June.

Thus, the index fell to the lowest level since the value of 92.8 it saw in May 2021.