Turkey Consumer Confidence February 2017

Turkey

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.

FocusEconomics Consensus Forecast panelists see private consumption expanding 2.0% in 2017, which is down 0.7 percentage points from last month’s forecast. For 2018, the panel expects private consumption to grow 2.9%.


Author:, Economist

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Turkey Consumer Confidence February 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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