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Turkey Economic Sentiment September 2023

Turkey: Economic sentiment improves in September

Economic sentiment rose to 92.8 in September from August’s 92.3. 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 improved sentiment in the construction and retail sectors. Less positively, confidence in the services sector and in the industrial sector weakened. Finally, consumer confidence increased in September but remained deeply pessimistic amid soaring inflation.

Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in September.

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