Turkey Consumer Confidence


Consumer confidence improves again

In February, the consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank rose to 93.2 points, up from 92.2 points in January, in what marks the fourth consecutive month of improving consumer sentiment. Despite the improvement, consumer confidence still remains 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 0.3% lower than in the same month last year. According to the Statistical Institute, the increase in the consumer confidence index stemmed from improvements in consumers' assessments concerning purchasing power in the present and in the next six months, the general economic situation in the next three months as well as job opportunities in the next six months. Low levels of consumer confidence do not bode well for private consumption going forward


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Note: Consumer Confidence Index. Values above 100 indicate an optimistic outlook while values below 100 indicate a pessimistic outlook.
Source: Turkish Statistical Institute (TurkStat).

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