Turkey: Economic sentiment improves in December
Latest reading: Economic sentiment increased to 99.8 in December, following November’s 99.5. December’s reading was the highest since May 2023. However, the reading was still below the long-term average of 100.
In December, sentiment improved in the industrial sector (+1.9 vs +1.1 in November), the construction sector (-14.5 vs -14.8 in November) and the retail sector (+14.3 vs +13.9 in November). However, sentiment darkened in the services sector (+20.3 vs +20.4 in November) and among consumers (-16.6 vs -15.3 in November).