Türkiye’s consumer confidence up by 4.4% in October

October 23, 2023 admin-dominor

Türkiye’s consumer confidence index increased to 74.6 in
October, up from 71.5 in September, the country’s statistical
office said on Monday, Azernews reports, citing
Anadolu Agency.

The consumer confidence index hiked 4.4% month-on-month, posting
the second consecutive increase after declining three months in a
row, the Turkish Statistical Institute (TurkStat) data showed.

Sub-indices for financial situation expectations of households
over the next 12 months surged 5.4% and general economic situation
expectations over the next 12 months gained 7.2% in September.

Assessments on spending for durable goods over the next 12
months were up by 0.5% from last month.

The index for the present financial situation of households
posted a marginal rise of 0.1% in September.

The index is a vital gauge of the economy’s overall performance,
indicating public sentiments on financial standing and the general
economic situation, along with spending and saving tendencies.

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