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Turkey Consumer Confidence December 2021

Turkey: Consumer confidence falls to record in December

Consumer confidence came in at 68.9 in December, down from November’s 71.1. December’s result marked the worst performance on record. As a result, the index remained entrenched below the 100-threshold, signaling that consumers were pessimistic.

The headline print largely reflected a deterioration in sentiment in the labor market outlook. In addition, sentiment towards consumers’ future financial situation sector soured.

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