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.