Turkish economic confidence rose 0.7% in August

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ISTANBUL – Turkey’s economic confidence index rose 0.7% month-on-month in August to 100.8 points, data from the Turkish Statistical Institute showed on Friday.

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.

The index climbed above 100 points in July for the first time since May 2018.

Reuters

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