Turkey Consumer Confidence March 2017

Turkey

Turkey: Consumer confidence rises in March

March 24, 2017

The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, increased from 68.9 in February to 63.4 in March. Despite the slight rise, the index remains far below the 100-threshold that separates pessimism from optimism.

March’s improvement came on the back of an improvement in consumers’ views regarding the general economic situation. In addition, households’ assessments of both their financial situation in the next 12 months and the employment situation in the next 12 months also improved. In contrast, their views on the probability of saving became more pessimistic.

FocusEconomics Consensus Forecast panelists see private consumption expanding 2.1% in 2017, which is unchanged from last month’s forecast. For 2018, the panel expects private consumption to grow 2.9%.


Author: Angela Bouzanis, Senior Economist

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Turkey Consumer Confidence March 2017

Note: Consumer Confidence Index. Values above 100 indicate an optimistic outlook while values below 100 indicate a pessimistic outlook.
Source: Turkish Statistical Institute (TurkStat).


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