Turkey: Consumer sentiment jumps to nine-month high in August
August 23, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, rose from July’s 67.0 to 74.4 in August, which marked a nine-month high. Nevertheless, consumer confidence remains far below the 100-threshold that separates pessimistic from optimistic territory.
August’s increase reflected a broad-based improvement in all the main sub-components of the index. Consumer’s views regarding their expected economic situation in the next 12 months recorded the largest increase followed by job prospects in the coming 12 months. Households’ assessment about their probability of saving in the next 12 months as well as their financial situation in the next 12 months recorded milder gains.