Turkey Consumer Confidence

Turkey

Turkey: Consumer sentiment rises from March's six-year low

April 22, 2015

In April, the consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, rose from March’s 64.4 points to 65.4 points. March’s result had marked the lowest level in six years. As a result, consumer confidence is closer to the 100-point threshold that separates pessimistic from optimistic territory.

April’s increase was a result of an almost across-the-board improvement. Consumers were more optimistic regarding their financial situation and their probability of saving in the next 12 months. In addition, consumers were less worried about unemployment compared to the previous month. Conversely, consumers were more pessimistic regarding the economic situation in the next 12 months.

FocusEconomics Consensus Forecast participants expect industrial production to rise 3.7% in 2015, which is down 0.3 percentage points from last month’s estimate. The panel sees industrial output increasing 4.6% in 2016.


Author: Angela Bouzanis, Senior Economist

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Turkey Consumer Confidence April 2015

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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