Türkiye’s economic confidence index rose 0.9% month-on-month to 99.8 in July, official data showed on Thursday.

The index increased from 98.9 in June, according to the Turkish Statistical Institute (TurkStat).

Despite the monthly improvement, the index remained just below the 100-point threshold separating an optimistic outlook from a pessimistic one.

The consumer confidence index increased 2.2% from the previous month to 89.8, while the services confidence index rose 1.4% to 112.

Confidence in the construction sector climbed 0.6% to 83.5.