In August, the consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, fell to 91.1 points, down from the 92.8 points recorded in July. As a result, consumer confidence dropped further 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 0.6 points below the level observed in the same month last year. According to the Statistical Institute, the drop in consumer confidence stemmed from a deterioration in consumers' assessments regarding their purchasing power in the present period as well as a worsening economic situation in the next three months. Low levels of consumer confidence do not bode well for private consumption going forward.
Turkey Consumer Confidence
Consumer confidence moderates in August
September 17, 2012
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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.