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Economy

Turkish economic confidence falls 5.1 percent in April

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Turkey’s economic confidence index fell 5.1 percent month-on-month in April to 93.9 points, data from the Turkish Statistical Institute showed on Thursday, as new restrictions were imposed to tackle a surge in coronavirus cases.

The index, which points to an optimistic outlook when above 100 and pessimistic when below, hit a record low last year before recovering as coronavirus measures were eased in the summer.

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It dipped again in November when new curfews and curbs on business were imposed, and stood at 98.9 points in February. The index was last above 100 points in March 2018.

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