Turkey: Consumer sentiment moderates at the end of 2012
January 16, 2013
In December, the consumer confidence index published by the Statistical Institute in cooperation with the Central Bank fell from 89.2 points in November to 89.0 points. As a result, consumer confidence remains below the 100-point threshold that separates optimistic from pessimistic territory, where it has idled since May 2006. Moreover, at its current level, the index is now 3.0 points below the level observed in the same month the year before.
According to the Statistical Institute, the moderation in consumer confidence stemmed from a deterioration in consumers' assessment regarding their purchasing power in both the present period and in the next six months. On the other hand, job prospects for the next six months as well as consumer's view on the general economic situation improved.