Turkey Consumer Confidence November 2016


Turkey: Consumer sentiment hits four-month low in November

November 22, 2016

The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, decreased from 74.0 in October to 68.9 in November, the lowest reading in four months. The index remains far below the 100-threshold that separates pessimistic from optimistic territory.

November’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 was less optimistic than October’s figure.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.2% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects private consumption to grow 3.2%, which is also unchanged from last month’s estimate.

Author:, Senior Economist

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Turkey Consumer Confidence Chart

Turkey Consumer Confidence November 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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