Turkey Consumer Confidence April 2016

Turkey

Turkey: Consumer sentiment improves slightly in April

April 21, 2016

The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, improved from March’s 67.0 to 68.5 in April. Nevertheless, consumer confidence remains far below the 100-threshold that separates pessimistic from optimistic territory.

April’s result came on the back of a broad-based improvement, as all sub-components gained ground over the previous month. Households’ probability of savings in the next 12 months made up for the largest jump followed by job prospects and consumers’ view of the economic situation in the next 12 months. The advance in households’ financial situation in the next 12 months was more modest.

FocusEconomics Consensus Forecast panelists see private consumption expanding 3.4% in 2016, which is up 0.3 percentage points from last month’s forecast. For 2017, the panel expects private consumption to grow 3.5%.


Author: Ricard Torné, Lead Economist

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Turkey Consumer Confidence April 2016 0

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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