Turkey Consumer Confidence

Turkey

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.

FocusEconomics Consensus Forecast participants expect industrial production to rise 3.0% in 2015, which is down 0.2 percentage points from last month’s estimate. The panel sees industrial output increasing 3.8% in 2016.


Author: Angela Bouzanis, Senior Economist

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Turkey Consumer Confidence July 2015

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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