Turkey: Upward trend in consumer sentiment persists in June
June 22, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, improved from May’s 68.8 to 69.4 in June. While the index hit a five-month high, consumer confidence remains far below the 100-threshold that separates pessimistic from optimistic territory.
June’s result came on the back of a sizeable improvement in households’ probability of savings in the next 12 months. Moreover, job prospects and households’ financial situation in the next 12 months also gained ground in June. On the other hand, consumers’ view of the economic situation in the next 12 months declined markedly in June.