In October, the consumer confidence index published by the Statistical Institute in cooperation with the Central Bank fell to 85.7 points, down from the 88.8 points recorded in October. The figure marks the lowest level seen since March 2010. 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. Moreover, at its current level, the index is now 4.0 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' assessment regarding the economy in the next three months. In addition, respondents to the survey had a more pessimistic assessment regarding their purchasing power in both the present period as well as in the next six months.
Turkey Consumer Confidence
Consumer confidence plunges to lowest level in more than two years
November 16, 2012
Looking for forecasts related to Consumer Confidence in Turkey? Download a sample report now.
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%.
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.