Turkey Consumer Confidence September 2016


Consumer sentiment virtually unchanged in September

The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, inched down from a nine-month high of 74.4 in August to 74.3 in September. Consumer confidence remains far below the 100-threshold that separates pessimistic from optimistic territory.

September’s slight deterioration reflected that consumers’ views regarding their expected financial situation in the next 12 months recorded a decreased over the previous month. Moreover, households’ assessment about their probability of saving in the next 12 months deteriorated. Conversely, their views regarding their expected economic situation improved slightly and the sub-index hit the highest reading in 10 months.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.4% in 2016, which is up 0.4 percentage points from last month’s forecast. For 2017, the panel expects private consumption to grow 3.4%.

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Turkey Consumer Confidence Chart

Turkey Consumer Confidence September 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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