Türkiye's economic confidence rose in May after falling to a nine-month low in the previous month, driven mainly by stronger consumer retail and manufacturing sentiment, official data showed on Monday.
The economic confidence index increased 0.8% month-over-month to 97.2 in May from 96.4 in April, according to the Turkish Statistical Institute (TurkStat).
April's reading marked the lowest level for the index in nine months.
The index combines assessments from consumers and businesses across multiple sectors, including manufacturing, services, retail trade and construction, to provide a broader picture of economic sentiment.
A reading above 100 indicates optimism about the overall economic outlook, while levels below 100 signal pessimism.
