At 09:00 (GMT+2), Turkey’s May economic confidence index will be published. The indicator includes assessments and expectations of consumers and producers regarding the general economic situation, as well as current trends, and is compiled by weighted aggregation of sub-indices of consumer confidence, confidence indices of the real sector (manufacturing industry), services, retail trade, and construction, considering seasonal fluctuations. If the value rises from 102.2 points in May, it could become a catalyst for the strengthening of the lira.
