Turkey’s Economic Confidence Index weakens further in April

Turkey's Economic Confidence Index which was 93.9 in April decreased by 1.3% in May to 92.6 over an across the board weakening. As the economy went into partial lockdown in May, the weakening is likely to continue. - Consumer confidence index decreased by 3.6% to  77.3, - Real sector confidence index decreased by 0.3% to 107.1, - Services confidence index decreased by 1.1% to 102.2, - Retail trade confidence index decreased by 2.1% to 100.9, - While the construction confidence index increased by 3.0% to 79.6 in May compared to the previous month. Economic confidence index, May 2021