Turkey Consumer Confidence November 2020

Turkey

Turkey: Consumer confidence deteriorates in November.

November 20, 2020

Consumer confidence fell to 80.1 in November from October's 81.9. As a result, the index moved further below the 100-threshold, separating pessimism from optimism among consumers.

The headline print reflected a deterioration in consumers’ views of their current and future financial situation and more pessimism regarding the general economic climate in the next 12 months. Moreover, views on the labor market soured, with consumers expecting a pick up in the unemployment rate.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.4% in 2021 and increasing 3.7% in 2022.


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Turkey Consumer Confidence November 20 20

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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