Turkey: Consumer sentiment inches up in February
February 23, 2015
In February, the consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, rose from January’s 67.7 points to 68.1 points. January’s result had marked the lowest level since January 2010. As a result, consumer confidence is closer to the 100-point threshold that separates pessimistic from optimistic territory.
February’s increase was a result of an improvement in households’ probability of saving in the next 12 months. Conversely, consumers were less optimistic regarding their financial and economic situation in the next 12 months. In addition, consumers were more worried about unemployment compared to the previous month.