Ankara:Türkiye's economic confidence index experienced a decline of 3.9% month-on-month, reaching 97.3 in October, according to official data released on Friday.

According to Anadolu Agency – English, this decrease brought the index below the 100-point threshold, down from 101.3 in September, as reported by the Turkish Statistical Institute. A reading above 100 indicates an optimistic economic outlook, while a reading below 100 reflects pessimism.

The decline was largely influenced by a significant drop in consumer confidence, which fell 7.7% from the previous month to 84.8 in October. Additionally, confidence in the real sector, which represents the manufacturing industry, decreased by 1.4% month-on-month to 101.1. The services confidence index also saw a decrease of 2.4% from September, falling to 109.2.

In contrast, the retail trade confidence index showed an increase of 1.1% on a monthly basis, reaching 112.5. The construction sector confidence index also edged up by 0.4% month-on-month, reaching 83.3.