Economic confidence in Turkey rose in January, reaching the highest level in three months.
The country’s benchmark gauge of confidence increased to 96.2 points from 94.7 in December, the Turkish Statistical Institute said on its website on Thursday. Any reading below 100 points reflects pessimism.
Turkey’s economy is expected to rebound this year as vaccines for COVID-19 are distributed across the globe, helping the country’s exports and crisis-hit tourism industry. The International Monetary Fund predicted economic growth for Turkey of 6 percent in 2021 in a report published this week.
Improving confidence in the economy during December was led by consumers and the service sector, according to the data. Sentiment in the…