Turkey: Economic sentiment hits highest reading since June 2023 in December
Latest reading: Economic sentiment came in at 97.2 in December, up from November’s 96.2. December’s result marked the strongest sentiment since June 2023. Nonetheless, 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 construction and services sectors. Moreover, consumer confidence rose in December. That said, sentiment in the retail and industrial sectors cooled in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in December.