Turkish consumer confidence down 5.8 percent in April from March

Turkish consumer confidence down 5.8 percent in April from March

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According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 58.2 points in March, was down by 5.8 percent month on month in April this year to 54.9 points, following a 1.7 percent month-on-month increase in March.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in April the index for the general current economic situation rose by 15.3 percent month on month to 78.8 points, while the index for the general economic situation in the next 12 months decreased by 1.1 percent compared to March to 74.8 points.

Meanwhile, in April the index for whether the present is a good time to purchase durable goods was down by 12.9 percent to 35.3 points, while the index for the probability of buying durable goods in the next 12 months contracted by 3.8 percent to 91.2 points, both on month-on-month basis.

In April, the probability of buying a car in the next 12 months decreased by 32.2 percent to 7.3 points and the index for the probability of buying or building a home in the next 12 months fell by 28 percent to 5.8 points, both month on month.

*When the index is above 100 it indicates an optimistic outlook, when it is equal to 100 it indicates a neutral outlook and below 100 it points to a pessimistic outlook.

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