ANKARA, July 28 (Xinhua) -- The Turkish economic confidence index hits the highest level since November 2013, according to Turkish Statistical Institute (TurkStat) data released Friday.
The economic confidence index increased by about 4.5 percent to reach 103.4 points in July, up from 98.9 points in June, the TurkStat reported.
Among all sub-indices, improvement in retail trade, services and consumer confidence supported the monthly rise.
The retail trade confidence index has increased the most by 6.6 percent to 107.3 points, followed by services confidence with 5 percent growth and consumer confidence with 1.9 percent growth.
On the contrary, real sector and construction confidence index decrease slightly this month.
The new record shows that Turkey's economy is recovering rapidly following the July 15 coup attempt last year.
Economic confidence index is a composite index showing consumers' and producers' evaluations, expectations and tendencies about Turkey's general economic situation, with its five sub-indices: retail trade, services, consumer, services and construction confidence.
