Economic confidence index realized as 84.7
Economic confidence index which was 81.9 in March increased by 3.4% in April to 84.7. This increase in economic confidence index stemmed from the increases in consumer, real sector (manufacturing industry) and services confidence indices.
Consumer, real sector and services confidence indices increased to 63.5, 100 and 83.1 respectively while retail trade and construction confidence indices decreased to 90.6 and 53.9 respectively in April.
Economic confidence index, April 2019
Economic confidence index, sectoral indices and the rate of changes,
The next release on this subject will be on May 28, 2019.
Economic confidence index is a composite index that encapsulates consumers' and producers' evaluations, expectations and tendencies about general economic situation. The index is combined by means of a weighted aggregation of sub-indices of seasonally adjusted consumer confidence, real sector, services, retail trade and construction confidence indices.
In the calculation of economic confidence index, each sectoral weights are not directly applied to the five confidence indices themselves but to their normalised individual sub-indices series as equally-distributed in each sector. Within this scope, totally 20 sub-indices of confidence indices for consumer, real sector, services, retail trade and construction are used in the calculation.
Sub-indices used in the calculation of economic confidence index are calculated with data collected in the first two weeks of each month.
It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it indicates a pessimistic outlook when it is below 100.