Turkey: Consumer sentiment falls in July
July 23, 2015
The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, decreased from June’s 66.4 points to 64.7 points in July. Consumer confidence still remains far below the 100-point threshold that separates pessimistic from optimistic territory.
July’s decrease was determined by consumers being more pessimistic about unemployment and their economic situation in the next 12 months. However, they were more optimistic regarding their financial situation and their probability of savings in the next 12 months.