Turkey Consumer Confidence June 2019


Turkey: Consumer confidence ticks up from record-low in June

June 20, 2019

Sentiment among Turks remained deeply rooted in pessimism despite a rise in the consumer confidence index from 55.3 in May to 57.6 in June; May had marked the lowest point since the survey began in 2004. Consequently, the index remained below the neutral 100-point mark that separates optimism from pessimism.

The uptick in June came on the back of a broad-based improvement. Turkish households turned less downbeat on their expected financial situation, while their outlook on the general economic situation was also less negative. Subsequently, households’ probability to save increased and the views on the labor market were unchanged from the prior month.

FocusEconomics Consensus Forecast panelists see private consumption contracting 1.8% in 2019 before expanding 2.9% in 2020.

Author:, Economist

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Turkey Consumer Confidence Chart

Turkey Consumer Confidence June 2019

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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