Turkey Consumer Confidence

Turkey

Turkey: Consumer sentiment rises in June

June 22, 2015

The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, rose from May’s 64.3 points to 66.4 points in June, which marked a four-month high. Despite the increase, consumer confidence still remains far below the 100-point threshold that separates pessimistic from optimistic territory.

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

FocusEconomics Consensus Forecast participants expect industrial production to rise 3.5% in 2015, which is down 0.2 percentage points from last month’s estimate. The panel sees industrial output increasing 4.5% in 2016.


Author: Angela Bouzanis, Senior 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 June 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).


Turkey Economic News

More news

Search form