Turkish economic confidence index tumbles 8.5% in May


ISTANBUL, May 28 (Reuters) - Turkey's economic confidence index fell to 77.5 points in May, down 8.5% from a month earlier to its lowest level since October, data from the Turkish Statistical Institute showed on Tuesday.

The index points to an optimistic economic outlook when above 100 and a pessimistic one when below 100. In April the index rose 3.4% to 84.7 points, marking its third consecutive month of gains.

(Reporting by Canan Sevgili; Writing by Daren Butler; Editing by Jonathan Spicer)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.