In January, the consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, inched up to 91.3 points from 91.0 points in December. With the January reading, the index resumed its upward trend towards the optimistic territory, which has been observed since November 2009. Consumer confidence has idled below the 100-point threshold that separates optimistic from pessimistic territory since May 2006. At the current level, however, consumer sentiment is 15.3% higher than in the same month the year before, suggesting that the recovery in private consumption remains ongoing. The improvement in consumer sentiment reflected a less pessimistic assessment regarding job opportunities. In addition, respondents also showed a stronger intention to carry out home improvements. On the other hand, prospects for the general economic situation deteriorated somewhat over the previous month.
Turkey Consumer Confidence
Consumer confidence inches up in January
February 16, 2011
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Turkey Economic News
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.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.