Turkey: Consumer confidence deteriorates but remains in negative territory in May
Consumer confidence fell to 77.3 in May from April’s 80.2. January’s result marked the weakest sentiment since September 2019. As a result, the index remained entrenched below the 100-threshold, separating pessimism from optimism among consumers.
The fall came on the back of a deterioration in consumers’ assessments of the general economic climate. In addition, sentiment regarding the labor market outlook also deteriorated.