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Turkish consumer confidence on the rise for Fourth month in a row in October

by John Pierce
July 3, 2023
in Business
1 min read
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Turkish consumer confidence index rises 5.3% month-on-monthover-Month to 76.2 points in October, official data showed on Friday.

Thus, the index continued to recover from a record a little of 63.4 in June despite the continuous rise in inflation. she was up from 72.4 points in September, the Turkish Statistical Institute (TurkStat) said.

the biggest improvement in Confidence seen in The financial Situation of Currently households, which are up 8.4% from the previous month, although they remain at the low level of 57.5 points.

Indicator for Evaluation of spending money on Goods bear over The next 12-month prices rose 2.3% to 93.1.

The general The economic situation expectations index rose 5.3% to 77.9%, while the economic situation expectations index rose financial anticipate the situation of families over The next It was 12 months up 6.7% to 76.2.

The indicator is a vital measure of The economyThe overall situation, indicating consumers’ sentiment on financial arrangement and general condition of The economyAlong with Spending and saving trends.

The level of confidence below 100 reflects a pessimistic view, while a reading above 100 indicates optimism.

Trust has collapsed in 2020 due to the fallout from the COVID-19 pandemic before a short recovery. He. She took Another dive in October of last year Before of decline decline in Turkish lira in Dec.

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