Turkey Consumer Confidence September 2022

Turkey

Turkey: Consumer sentiment remains in negative territory in September, despite ticking up

September 22, 2022

Consumer confidence rose to 72.4 in September, up from August's 72.2. However, the index remained entrenched below the 100-threshold, signaling sustained pessimism among consumers.

The headline uptick was chiefly driven by less pessimistic views regarding the general economic situation in the next 12 months and probability to purchase big-ticket items. On the other hand, attitudes towards households’ financial situations at present and in the next 12 months worsened.

FocusEconomics Consensus Forecast panelists see private consumption expanding 4.4% in 2022 and increasing 3.7% in 2023.


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Turkey Consumer Confidence September 2022

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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