Turkey: Consumer confidence remains unchanged in Dec.

By Gokhan Ergocun

ISTANBUL (AA) - Consumer confidence in the Turkish economy in December stood at the same level with the previous month, the country's statistical authority announced on Monday.

The consumer confidence index was 80.1 this month, the Turkish Statistical Institute (TurkStat) said.

The index value is jointly calculated by TurkStat and the Turkish Central Bank through the measurement of consumer tendencies.

Among sub-indices, the financial situation of household index at present compared to the last 12 months dropped by 0.7% to 66.1 in December, versus 66.6 in November.

The financial situation expectation of household index in the next 12 months stood at 78.9, down 0.2% month-on-month.

The general economic situation expectation index in the next 12 months reached 82.9 in December, increasing 5.2% on a monthly basis.

Assessment on spending money on durable goods index over the next 12 months compared to the past 12 months decreased by 3.8% to 92.6 in December.

Consumers’ assessments and expectations in nearly 20 economic and financial categories are measured in monthly tendency surveys.

The consumer confidence index, calculated from the survey results, is evaluated within a range of 0-200, indicating an optimistic outlook when the index is above 100, and a pessimistic one when it is below 100.​​​​​​​