Turkey: Consumer sentiment inches up in January
February 6, 2017
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, inched up from 63.4 in December to 66.9 in January. Despite the increase, the index remains far below the 100-threshold that separates pessimistic from optimistic territory.
January’s slight increase was due to an improvement in consumers’ views regarding the general economic situation in the next 12 months. Moreover, households’ assessments of their financial situation in the next 12 months improved and their view on the probability of saving recovered from the previous month’s record low.
Author: Dirina Mançellari, Senior Economist