Economic Sentiment in Turkey Fell 3.5% in November

Data from the Turkish Statistical Institute showed today, Friday, that Turkey’s economic sentiment index fell 3.5% on a monthly basis in November to 89.5 points, as an increase in the frequency of new cases of coronavirus pushed Ankara to impose partial restrictions.

The index had risen for six consecutive months from low levels reached on the background of measures to address the Coronavirus, which caused a sharp decline in economic activity in March and April when the index reached a low of 51.3 points.

The last time the index crossed the 100 point barrier was in March 2018. Any reading above the 100 indicates optimistic expectations and below it indicates pessimism.