Turkey: Consumer sentiment hits a four-month high in May
May 23, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, improved from April’s 68.5 to 68.8 in May. While the index hit a four-month high, consumer confidence remains far below the 100-threshold that separates pessimistic from optimistic territory.
May’s result came on the back of a sharp improvement in consumers’ view of the economic situation in the next 12 months. On the other hand, households’ probability of savings in the next 12 months recorded a sizeable deterioration, while job prospects receded timidly. Households’ financial situation in the next 12 months was unchanged in May.