In April, the consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, inched up to 93.5 points, which was virtually unchanged from 93.4 points in March. Consumer confidence has idled below the 100-point threshold that separates optimistic from pessimistic territory since May 2006. Nevertheless, at the current level, consumer sentiment is 8.9% higher than in the same month the year before, suggesting that private consumption will remain strong. The slight improvement in consumer sentiment reflected greater optimism regarding current purchasing power and the general economic situation over the next three months. That said, confidence among consumers about purchasing durable consumer goods remained unchanged over the previous month.
Turkey Consumer Confidence
Consumer confidence remains steady
May 16, 2011
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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.