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Turkey Consumer Confidence April 2023

Turkey: Consumer confidence rises but remains pessimistic in April

Consumer confidence came in at 87.5 in April, up notably from March’s 80.1. April’s result marked the strongest sentiment since August 2018. Despite the uptick, the index remained entrenched below the 100-threshold, separating pessimism from optimism among consumers.

The uptick came on the back of a broad-based improvement across all subcomponents. Households’ views about their current financial situation improved. Moreover, households grew more optimistic regarding their financial situation and the country’s over the next 12 months.

Notably, this month the survey was also conducted in provinces affected by the earthquake. Accordingly, the upswing might reflect a softer-than-expected fallout of the cataclysm.

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