By Gokhan Ergocun</p> <p>ISTANBUL (AA) – Confidence in Turkey’s economy slipped month-on-month in January, falling 4.2 percent, the Turkish Statistical Institute said on Wednesday.</p> <p>In January, confidence index fell to 78.5 versus 81.9 in December 2018, the official data showed.</p> <p>The month-on-month decrease stemmed from drops in consumer, real sector, services and retail trade confidence indices to 58.2, 95.4, 78.3 and 92.5 in January, respectively.</p> <p>Meanwhile, the construction confidence was the only index which saw an increase to reach 56.7 in the first month of 2019.</p> <p>The economic confidence index is seen as a significant reading of the economic course as it is a composite index that aggregates sub-indices of consumer confidence, real sector services, retail trade and construction confidence indices, reflecting an overall sentiment of health of the economy.