In August, the consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, dropped to 91.7 points from 94.8 points in July, marking the lowest level since February. Consumer confidence has idled below the 100-point threshold that separates optimistic from pessimistic territory since May 2006. Nevertheless, at the current level, the index is still 5.0% higher than in the same month the year before. Consumer sentiment decreased as short-term expectations regarding households' purchasing power and the general economic situation deteriorated over the previous month. In addition, employment expectations in the next six months worsened notably. As a consequence, prospects for purchases of durable goods dropped compared to July.
Turkey Consumer Confidence
Consumer confidence drops in August
September 16, 2011
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Turkey Economic News
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.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, increased slightly to 48.3 in September from August’s 47.0, which had marked a multi-year low.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.