Turkey: Consumer confidence weakens in February
February 20, 2017
The consumer confidence index for Turkey, published by the Statistical Institute in cooperation with the Central Bank, inched down from 66.9 in January to 65.7 in February. The index remains far below the 100-threshold that separates pessimism from optimism.
The deterioration of consumer confidence was broad-based across sub-indices. January’s decrease was due to a worsening in consumers’ views regarding the general economic situation in the next 12 months. Moreover, households’ assessments of both their financial situation in the next 12 months and their views on the probability of saving also waned.
Author: Christopher Thomas, Economist