Turkey: Consumer sentiment deteriorates slightly in October
October 21, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, decreased slightly from 74.3 in September to 74.0 in October. The index remains far below the 100-threshold that separates pessimistic from optimistic territory.
October’s slight deterioration reflected consumers’ less optimistic views regarding the general economic situation in the next 12 months. Conversely, households’ assessment of their financial situation in the next 12 months improved compared to the previous month and their view on the probability of saving was more optimistic than September’s figure.
Author: Dirina Mançellari, Senior Economist