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Turkey Economic Sentiment June 2024

Turkey: Economic sentiment records worst reading since September 2023 in June

Economic sentiment came in at 92.8 in June, down from May’s 95.4. June’s result marked the weakest sentiment since September 2023. 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 dampened sentiment in the industrial and construction sectors. Moreover, sentiment in the services and retail sectors, as well as consumer confidence also softened in June.

Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in June.

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