Turkey Consumer Confidence March 2021

Turkey

Turkey: Consumer confidence ticks up to multi-year high in March

March 24, 2021

Consumer confidence rose to a multi-year high of 86.7 in March from 84.5 in February; however, the index remained markedly below the neutral 100-threshold that separates pessimism from optimism among consumers.

The uptick was driven by a broad-based improvement with views on the current financial situation and the expected financial situation in the year ahead turning less downbeat, while attitudes towards the general economic situation over the next 12 months and likelihood of spending 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 March 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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