Lower confidence of Turkish manufacturing sector



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Data from the central bank showed Thursday that business confidence in Turkey's manufacturing sector fell in July.

Confidence in the sector rose from 102.5 points in June to 98.3 points in July, the central bank said.

A level of 100 points or more in the Manufacturing Sector Confidence Index indicates optimism, while a reading below that level indicates pessimism.

The data appeared as gloomy indicators of the performance of the Turkish economy, which is going through a very serious recession, with high inflation, widespread unemployment and rising commodity prices.

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