Households in Turkey remained less pessimistic in May, survey data from the Turkish Statistical Institute showed on Monday.The consumer confidence index rose to 85.8 in May from 85.5 in April. Moreover, this was the highest reading since March 2025. Nonetheless, a score below 100 indicates a pessimistic outlook.The financial situation expectation of households over the next year improved, with the...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.