Turkey Consumer Confidence January 2016


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.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.0% in 2017, which is down 0.2 percentage points from last month’s forecast. For 2018, the panel expects private consumption to grow 3.1%.

Author:, Senior Economist

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Turkey Consumer Confidence Chart

Turkey Consumer Confidence January 2017

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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