Turkish consumer confidence increased for Fifth month in a row in November, down to highest level in just over a yearto me latest official The numbers have been released on Tuesday.
The Consumer Confidence Index rose to 76.6 this month. up 0.6% from 76.2 in October, the Turkish Statistical Institute (TurkStat) said in a permit.
The latest was reading highest since oct last yearwhen it was 76.8.
The indicator is a vital measure of The economy in general performanceindicating people’s feelings on financial standing f general Economic situation, along with Spending and saving trends.
November’s increase was driven by sub-indices for general economic forecasts over The next 12 months and financial Situation of Nowadays households, which gained 3.4% and 1.5%, respectively, over the previous month.
On the other hand, the indicator for Evaluation of spending money on bear goods over The next 12 months decreased by 1.2% and financial Anticipate the situation of families over The next 12-month down 0.5% in November.
Consumer confidence index is calculated from the survey results and evaluated within a range of 0-200 indicating an optimistic outlook when the index is above 100 and pessimistic one When the below.
