In June, the consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank fell to 91.8 points, slightly down from the 92.1 points recorded in May. As a result, consumer confidence continues to be below the 100-point threshold that separates optimistic from pessimistic territory, where it has idled since May 2006. At its current level, the index is now 4.7 points below level observed in the same month last year. According to the Statistical Institute, the decrease in consumer confidence stemmed from a deterioration in consumers' assessments regarding job opportunities in the next six months, as well as worse conditions for the purchase of durable goods in the present. Low levels of consumer confidence do not bode well for private consumption going forward.
Turkey Consumer Confidence
Consumer confidence broadly stable in June
July 16, 2012
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Turkey Consumer Confidence Chart
Note: Consumer Confidence Index. Values above 100 indicate an optimistic outlook while values below 100 indicate a pessimistic outlook.
Source: Turkish Statistical Institute (TurkStat).
Turkey Economic News
October 25, 2016
The Real Sector Confidence Index published by the Central Bank decreased from September’s 106.5 to 101.7 in October, the lowest reading in one year.
October 21, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, decreased slightly from 74.3 in September to 74.0 in October.
October 20, 2016
At its 20 October monetary policy meeting, the Central Bank of the Republic of Turkey (CBRT) decided to keep the marginal funding rate unchanged at 8.25%.
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The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
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In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.