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Turkey Consumer Confidence June 2021

Turkey: Consumer confidence improves but remains in negative territory in June

At the close of the second quarter, consumer sentiment ticked up 81.7 in June from 77.3 in May. However, the index remained firmly entrenched below the 100-theshold that separates pessimism from optimism among Turkish consumers.

The uptick in the headline was driven by a broad-based improvement in subcomponents. Expectations of households’ financial situation over the next 12 months improved notably, while views on the general economic situation in the same time frame also turned less sour. Moreover, consumers’ are more likely to spend money on durable goods over the next 12 months. Less positively, attitudes towards the financial situation of households at present turned slightly more pessimistic.

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