Turkey.. the economic confidence index rose 4 percent in May

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The confidence index in the Turkish economy rose 4 percent on a monthly basis in May, to reach 91.1 points.

This came in a statement by the Turkish Statistical Authority on Monday about the monthly economic confidence index.

The statement pointed out that the confidence index increased by 4 percent compared to last April, from 87.5 to 91.1 points.

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The Economic Confidence Index is a composite index that contains assessments and expectations of consumers and producers about the general economic situation.

A rating above 100 indicates an optimistic view of the general economic situation, while a value below 100 indicates a negative assessment.