Turkey: Consumer sentiment ticks up in January
Consumer confidence rose to 73.2 in January from December’s record-low of 68.9. The index therefore moved closer to, but remained markedly entrenched below, the neutral 100-threshold that separates pessimism from optimism among Turkish consumers.
The headline improvement reflected less downbeat views on households’ financial situation at present and over the course of the next 12 months. In addition, attitudes also turned less sour regarding the general economic situation in the next 12 months and an increase in the likelihood to purchase big-ticket items.