Turkey: Consumer confidence remains unchanged in February
February 20, 2018
The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, held steady from January’s print at 72.3 in February. The index remains entrenched below the 100-point threshold that separates pessimism from optimism among Turkish households.
Survey results were split across the sub-components of the index. Consumers’ appraisal of both the current economic situation and the general economic outlook was slightly less downbeat compared to the previous month, while their views on both current and future household conditions also improved over January. However, households’ assessment of the job market and views on their ability to save in the next 12 months were less upbeat than in January.
Turkey Private Consumption Forecast
FocusEconomics Consensus Forecast panelists see private consumption expanding 3.5% in 2018, which is up 0.4 percentage points from last month’s forecast. For 2019, the panel expects private consumption to grow 3.3%.
Author: Javier Colato, Economist