In October, the consumer confidence index published by the Statistical Institute in cooperation with the Central Bank slid from 90.4 points in September to 89.0 points. Thus, the index fell further below the 100-point threshold that separates optimistic from pessimistic territory but confidence is 10.6% higher than in October last year, suggesting that the recovery of private consumption remains in place. The deterioration in consumer sentiment was mostly driven by a more pessimistic assessment of consumers' purchasing power in the present and in the future. Moreover, survey respondents were also less upbeat regarding the current general economic situation and the outlook for the next three months.
Turkey Consumer Confidence
Consumer confidence deteriorates slightly in October
November 23, 2010
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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%.
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.