Turkey Consumer Confidence April 2022

Turkey

Turkey: Consumer sentiment drops in April

April 22, 2022

Consumer sentiment dropped to 67.3 in April from March’s 72.5. Consequently, the index remained entrenched below the neutral 100-threshold that separates pessimism from optimism among Turkish consumers.

The headline deterioration was broad-based, likely impacted by red-hot inflation and the war in Ukraine. The latter exacerbates inflation as commodity prices have surged. Consumers’ views on the financial situation of households at present and in the next 12 months worsened, while views on the general economic situation in the year ahead also deteriorated. Moreover, the probability of purchasing big-ticket items in the next 12 months worsened as well.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.4% in 2022 and increasing 3.7% in 2023.


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Turkey Consumer Confidence April 2022 0

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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