[...] index at 77.5 pts ANKARA- Anadolu Agency Turkey's economic confidence index was recorded at 77.5 points this month, the nation's statistical aut
[…] index at 77.5 pts ANKARA- Anadolu Agency Turkey’s economic confidence index was recorded at 77.5 points this month, the nation’s statistical authority announced on May 28.         Confidence in the Turkish economy fell by 8.5% month-on-month in May, the Turkish Statistical Institute (TÜİK) said.       All sub-indexes contributed negatively to the May figure, the data revealed.         “This decrease in economic confidence index stemmed the decreases in consumer, real sector (manufacturing […] data showed that confidence in the real sector, services, and retail trade went down by 5.3%, 4.4%, and 0.7%, respectively, on a monthly basis in May.       The economic confidence index is a composite index that encapsulates consumers’ and producers’ evaluations, expectations and tendencies about the general economic situation, TÜİK said.       It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it shows a pessimistic outlook with an index below 100, it added.       ECONOMY Turkish Central Bank reserves at $92.8B in April
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