Turkey: Consumer confidence eases and remains pessimistic in March
Consumer confidence came in at 80.1 in March, down from February’s 82.5. As a result, the index remained entrenched below the 100-threshold, indicating pessimism among consumers.
The downtick was driven by deteriorations on households’ views about their financial situation and the country’s over the next 12 months. That said, households’ grew slightly more optimistic regarding their current financial situation.
Notably, the survey was not conducted in the provinces affected by the earthquake. Accordingly, the reading does not fully capture the negative effect of the disaster.