Turkey: Consumer confidence improves in November
Consumer confidence came in at 76.6 in November, up from October’s 76.2. November’s result marked the strongest sentiment since October 2021. Despite the uptick, the index remained below the 100-threshold, indicating pessimism among consumers.
The headline improvement was driven by less downbeat views regarding households current financial situation and the general economic situation in the year ahead. That said, households views on their future financial situation and big ticket purchases deteriorated.