Turkey: Consumer confidence hits highest reading since September 2021 but remains pessimistic in January
Consumer confidence rose to 79.1 in January from December’s 75.6. January’s result marked the best reading since September 2021. Despite the uptick, the index remained entrenched below the 100-threshold, separating pessimism from optimism among consumers.
The headline improvement was driven by less downbeat views regarding households current and future financial situation and about the general economic situation in the year ahead. That said, households grew more pessimistic about big ticket purchases over the next 12 months.