Turkey Consumer Confidence

Turkey

Turkey: Consumer sentiment recovers ground in September

September 29, 2014

The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, rose slightly from 73.2 points in August to 74.0 points in September, which marked the highest level since May. That said, consumer confidence remains firmly entrenched below the 100-point threshold that separates pessimistic from optimistic territory, and this does not bode well for private consumption going forward.

September’s increase reflected improving expectations in households’ assessment regarding the general economic situation in the coming 12 months and, to a lesser extent, better job prospects. Consumers’ probability of saving in the next 12 months improved mildly, while households’ views on their financial situation in the next 12 months was the sole indicator that lost ground in September.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.1% in 2014, which is unchanged from last month’s forecast. For 2015, the panel expects private consumption to grow 3.0%.


Author: Ricard Torné, Lead Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Turkey? Download a sample report now.

Download

Turkey Consumer Confidence Chart


Turkey Consumer Confidence September 2014

Note: Consumer Confidence Index. Values above 100 indicate an optimistic outlook while values below 100 indicate a pessimistic outlook.
Source: Turkish Statistical Institute (TurkStat)


Turkey Economic News

More news

Search form