Turkey Consumer Confidence


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.

FocusEconomics Consensus Forecast participants expect industrial production to rise 4.0% in 2015, which is unchanged from last month’s estimate. The panel sees industrial output increasing 4.6% in 2016.

Author: Angela Bouzanis, Senior Economist

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Turkey Consumer Confidence Chart

Turkey Consumer Confidence February 2015

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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