The consumer confidence index published by the Statistical Institute in cooperation with the Central Bank rebounded from 69.2 points in February-a four-year low-to 72.7 points in March. Despite the strong increase, consumer confidence remains firmly entrenched below the 100-point threshold that separates pessimistic from optimistic territory, which does not bode well for private consumption going forward. According to the Statistical Institute, household's assessments regarding the general economic situation in the next 12 months improved notably over the previous month. In addition, March's survey showed that households' financial prospects improved in March. Conversely, consumers' unemployment expectations deteriorated. FocusEconomics Consensus Forecast panelists see private consumption expanding 2.2% in 2014, which is down 0.2 percentage points from last month's forecast. For 2015, the panel expects private consumption to grow 3.5%.
Turkey Consumer Confidence
Consumer sentiment rebounds in March
March 28, 2014
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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 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.
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.