Economic confidence declined in April

According to TUIK, while the economic confidence index was 100 in March, it decreased by 1 percent to 99 in April.

In the same period, consumer confidence index increased by 1.4 percent to 80.5, retail trade confidence index increased by 1.9 percent to 115.5.

Service sector confidence index decreased by 2.8 percent to 117.1.

Real sector (manufacturing industry) confidence index remained unchanged at 103.5 and construction confidence index remained unchanged at 88.6.

An economic confidence index greater than 100 indicates optimism about the general economic situation, while a confidence index less than 100 indicates pessimism about the general economic situation.