Turkey: Consumer confidence rises in April
April 20, 2017
Turkey's consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, increased from 67.8 in March to 71.3 in April—a five-month high. Despite the rise, the index remains far below the 100-threshold that separates pessimism from optimism.
April’s rise came on the back of an improvement in consumers’ views regarding the general economic situation and unemployment expectations. In addition, households’ assessments of their financial situation in the next 12 months also improved. In contrast, their views on the probability of saving became more pessimistic.