Turkish consumer confidence up in June

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's consumer confidence in June continued its upward trend from the previous month, according to official data released on Friday.

The consumer confidence index gained 0.3% from a month ago to 85.1 points in June, the Turkish Statistical Institute (TurkStat) said.

This followed a 1.1% monthly rise in May, when the index was at 84.8 points.

The sub-index measuring households' current financial situation rose 0.4% in June from a month ago, while household financial situation expectations for the next 12 months increased 0.6%.

The expectations for the general economic situation for the next 12 months also rose 0.3% in the same period.

Meanwhile, the index tracking spending on durable goods over the next 12 months ticked up 0.1% month-on-month in June.

The consumer confidence index serves as a key indicator of the economy's overall health, capturing public sentiment regarding financial conditions, the broader economic outlook, and spending and saving intentions.