Turkey: Consumer sentiment remains in negative territory in September, despite ticking up
September 22, 2022
Consumer confidence rose to 72.4 in September, up from August's 72.2. However, the index remained entrenched below the 100-threshold, signaling sustained pessimism among consumers.
The headline uptick was chiefly driven by less pessimistic views regarding the general economic situation in the next 12 months and probability to purchase big-ticket items. On the other hand, attitudes towards households’ financial situations at present and in the next 12 months worsened.