Turkey Consumer Confidence September 2018

Turkey

Turkey: Consumer confidence plummets in September

September 20, 2018

The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, declined from 68.3 in August to 59.3 in September, the lowest reading since September 2015. As a result, the index moved further below the 100-point threshold that separates pessimism from optimism among Turkish households.

September’s steep fall was driven by consumers’ more pessimistic views regarding their ability to save, the labor market, general economic conditions and their personal financial conditions. The reading comes after the lira plunged in August, stoking price pressures and generating severe economic uncertainty.

Turkey Private Consumption Forecast


FocusEconomics Consensus Forecast panelists see private consumption expanding 4.7% in 2018 and 2.6% in 2019.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Turkey? Download a sample report now.

Download

Turkey Consumer Confidence Chart


Turkey Consumer Confidence September 2018

Note: Consumer Confidence Index. Values above 100 indicate an optimistic outlook while values below 100 indicate a pessimistic outlook.
Source: Turkish Statistical Institute (TurkStat).


Turkey Economic News

More news

Search form