Turkey: Consumer sentiment drops in April
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.