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Turkey Economic Sentiment December 2023

Turkey: Economic sentiment ticks up in December

Economic sentiment came in at 92.5 in December, up from November’s 92.3. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.

The headline improvement was driven by stronger sentiment in the retail sector and less downbeat consumer confidence. On the flip side, sentiment in the industrial, construction and services sectors deteriorated in the surveyed month.

Referring to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index increased in December.

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