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Economic confidence decreased in November

Turkish Statistical Institute ( TUIK) published the economic confidence index for November. Accordingly, economic confidence index decreased to 95.3 in November.

Economic confidence decreased in November

Economic confidence index decreased by 1.3 percent to 95.3 in November. The index was 96.5 in October.

In November compared to the previous month, Consumer Confidence Index increased by 1.1% to 75.5, real sector (manufacturing industry) confidence index decreased by 1.3% to 103.9, service sector confidence index decreased by 2.4% to 110.9, retail trade confidence index decreased by 1.9% to 111.7, construction confidence index increased by 2.2% to 91.0.

An economic confidence index greater than 100 indicates optimism about the general economic situation, while a confidence index less than 100 indicates pessimism about the general economic situation.

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