Turkey: Economic sentiment eases in November
Economic sentiment came in at 92.7 in November, down from October’s 94.1. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial sector. Moreover, confidence in the services and retail sectors weakened. That said, sentiment in the construction sector and consumer confidence improved in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in November.