Turkey: Consumer sentiment falls in April
May 21, 2015
The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, fell from April’s 65.4 points to 64.3 points in May, which marked the lowest level in over six years. As a result, consumer confidence is further below the 100-point threshold that separates pessimistic from optimistic territory.
May’s decrease was a result of an almost across-the-board deterioration. Consumers were more pessimistic regarding their economic situation and probability of saving in the next 12 months. In addition, consumers were more worried about unemployment compared to the previous month. Conversely, consumers’ attitudes were unchanged regarding their financial situation in the next 12 months.