Turkey Consumer Confidence October 2016

Turkey

Turkey: Consumer sentiment deteriorates slightly in October

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. The index remains far below the 100-threshold that separates pessimistic from optimistic territory.

October’s slight deterioration reflected consumers’ less optimistic views regarding the general economic situation in the next 12 months. Conversely, households’ assessment of their financial situation in the next 12 months improved compared to the previous month and their view on the probability of saving was more optimistic than September’s figure.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.2% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects private consumption to grow 3.2%, which is also unchanged from last month’s estimate.


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Turkey Consumer Confidence October 2016

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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