Turkey: Consumer confidence rises in July
July 20, 2017
The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, rose from 70.0 in June to 71.3 in July. Despite the improvement in consumer sentiment, the index remains below the 100-threshold that separates pessimism from optimism among Turkish households.
The July report showed positive developments in the outlook on the financial situation of households as well as the probability of saving. In addition, the expectation for the number of people that will be unemployed was less pessimistic than last month. However, households’ perspectives on general economic conditions were more pessimistic and experienced back-to-back deterioration.
Author: Lindsey Ice, Economist