Turkey: Consumer sentiment virtually unchanged in September
September 23, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, inched down from a nine-month high of 74.4 in August to 74.3 in September. Consumer confidence remains far below the 100-threshold that separates pessimistic from optimistic territory.
September’s slight deterioration reflected that consumers’ views regarding their expected financial situation in the next 12 months recorded a decreased over the previous month. Moreover, households’ assessment about their probability of saving in the next 12 months deteriorated. Conversely, their views regarding their expected economic situation improved slightly and the sub-index hit the highest reading in 10 months.
Author: Dirina Mançellari, Senior Economist