Turkey: Consumer confidence rises in December
January 16, 2012
In December, the consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank rose to 92.0 points, up from 91.0 points in November. Despite the improvement, consumer confidence has idled below the 100-point threshold that separates optimistic from pessimistic territory since May 2006. At its current level, the index is 1.1% higher than in the same month the year before. According to the Statistical Institute, the increase in the consumer confidence index stemmed from the improvements in consumers' assessments concerning the general economic situation in the next period, job opportunities in the next period and buying time condition of durable goods in the present period.