Turkey: Consumer sentiment recovers slightly in March
March 21, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, improved from February’s four-month low of 66.6 to 67.0 in March. Nevertheless, consumer confidence remains far below the 100-threshold that separates pessimistic from optimistic territory.
March’s result came on the back of a strong improvement in job prospects and, to a lesser extent, in households’ financial situation in the next 12 months. On the downside, consumers were much more pessimistic regarding their economic situation in the next 12 months. Finally, regarding households’ probability of savings in the next 12 months, the result did not change from last month.