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Walking Through the Struggles of Low Turkish Consumer Confidence

by John Pierce
July 3, 2023
in Business
1 min read
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consumer confidence index in Türkiye was at 80.1 in He walks, down 2.5% of 82.5 in February Statistical authority of the country announced Thursday.

The Turkish Statistical Institute (TurkStat) calculates the index based on on reconnaissance results between 0 and 200. Therefore, the index indicates an optimistic outlook when it is above 100 but a pessimistic outlook when it is below 100.

In particular, the financial mode indicator of The number of households decreased from 82.5 in February to 80.1 in March, A.; decrease of 2.9%. In addition to the index of expectations of the economic situation for the next 12 Months also declined from 84.2 in February to 79.6 in March, A.; decrease of 5.5%.

Moreover, the general Economic outlook index for the next 12-month is down 3.3% from 85.8 in February to 83 in He walks. Indicator for spending on bear goods in the next 12 Months also declined by 2.7% from 94.5 in February to 92 in He walks.

This month, no trend survey was conducted in earthquake-hit interrupts of Kahramanmaraş, Hatay, Gaziantep, Adiyaman, Kilis, Malatya and Osmaniye.

In February, devastating double earthquakes hit 11 provinces in Turkish and affected about 13.5 million people.

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