Turkey Consumer Confidence December 2016


Turkey: Consumer sentiment drops to 14-month low in December

December 26, 2016

The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, dropped from 68.9 in November to 63.4 in December, the lowest reading since October 2015. The index remains far below the 100-threshold that separates pessimistic from optimistic territory.

December’s deterioration reflected consumers’ less optimistic views regarding the general economic situation in the next 12 months. Moreover, households’ assessment of their financial situation in the next 12 months deteriorated and their view on the probability of saving hit the lowest level on record.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.0% in 2017, which is down 0.2 percentage points from last month’s forecast. For 2018, the panel expects private consumption to grow 3.1%.

Author:, Senior Economist

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Turkey Consumer Confidence Chart

Turkey Consumer Confidence December 2016

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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