Turkish consumer sentiment improves in August

Consumer confidence index rises by 0.6% in August from month earlier, official data shows

By Tuba Ongun

Türkiye’s consumer confidence index ticked up by 0.6% from last month to 76.4 in August, according to data released on Thursday.

The figure swung from July's 3.1% monthly decline, data from the Turkish Statistical Institute (TurkStat) showed.

A sub-index for the present financial situation of the household increased 4.5% month-on-month in August.

Another indicator for expectations concerning the general economic situation over the next 12 months rose 1% this month.

The financial situation expectations of households over the next 12 months edged higher by 0.9% from July.

Assessment on spending money on durable goods over the next 12 months dropped 2.3% in the same period.

The consumer confidence 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.

Kaynak:

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