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.
Author: Dirina Mançellari, Senior Economist