Turkey: Consumer confidence up in January

By Aysu Bicer

ANKARA (AA) - Consumer confidence in the Turkish economy posted a rise in January, the country's statistical authority announced on Thursday.

The consumer confidence index stood at 83.3 this month, up by 4% from 80.1 in December, the Turkish Statistical Institute (TurkStat) said.

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

Among sub-indices, the current financial situation of household index, compared to the last 12 months, dropped by 3.6% to 63.7 in January, versus 66.1 in December.

The financial situation expectation of household index in the next 12 months reached 83.8, rising 6.3% month-on-month.

The general economic situation expectation index in the next 12 months stood at 88.2 in the month, up 6.5% on a monthly basis.

Assessment on spending money on durable goods index over the next 12 months compared to the past 12 months also rose by 5.1% to reach 97.3 in January, which was 92.6 in December.