Turkey: Economic sentiment rises in February
Latest reading: Economic sentiment increased to 101.4 in February, following January’s 99.4. The latest reading was above the long-term average of 100, pointing to a positive near-term outlook for the economy and marking the highest figure since May 2023.
In February, sentiment brightened in the industrial sector (+2.2 vs +0.3 in January), the retail sector (+15.4 vs +12.9 in January) and among consumers (-14.9 vs -16.5 in January). On the flipside, sentiment darkened in the construction sector (-14.7 vs -14.1 in January) and the services sector (+21.3 vs +21.4 in January).