Turkey Consumer Confidence February 2021

Turkey

Turkey: Consumer confidence ticks up in February

February 18, 2021

Confidence among Turkish consumers rose from 83.3 in January to 84.5 in February, marking a two-and-a-half-year high. However, the index remained entrenched below the 100-threshold, separating pessimism from optimism among consumers.

The uptick in the headline was driven by less downbeat views on the current financial situation of households and expected financial situations in the year ahead. In addition, views on the economy in the next 12 months also improved.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.4% in 2021 and increasing 3.7% in 2022.


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Turkey Consumer Confidence February 2021

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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