Turkey: Economic sentiment picks up in June
Latest reading: Economic sentiment came in at 96.6 in June, up from May’s 96.3. However, 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 industrial and services sectors. Moreover, consumer confidence rose in June. That said, sentiment in the construction and retail sectors softened.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in June.