Skyline at golden hour in Turkey

Turkey Consumer Confidence July 2019

Turkey: Consumer confidence drops again in July

Sentiment among Turkish consumers dropped to a near-record low in July, with the consumer confidence index falling from 57.6 in June to 56.5; this marked the second lowest reading since the survey began in 2004. As a result, the index moved further south of the neutral 100-point mark and remained deeply entrenched in pessimistic territory.

The most recent downtick in the index was driven by a broad-based deterioration. Consumers’ views on their financial situation turned more pessimistic amid a bleaker outlook on the general economic situation in Turkey and the labor market. Turks’ assessment of their probability of saving consequently worsened. The Turkish economy exited recession in the first quarter of this year; however, the economy contracted again in year-on-year terms. Moreover, the economy is not expected to rebound until the final stages of this year.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest