Turkey's consumer confidence falls 1.6% in May
The consumer confidence index declined to a reading of 64.29 in May following a reading of 65.35 in the previous month. Any reading above 100 indicates an optimistic outlook, while any reading below 100 indicates a pessimistic outlook.
The index of expectations for the general economic situation for the next 12 months decreased 0.7% on the month to post a reading of 85.50 in May. The lower reading index indicates that the number of consumers who expect a better general economic situation in the next 12 months has decreased compared with the previous month.
The index of financial expectations of households for the next 12 months followed a stable trend in May at 86.16 while the index of expectations for the number of unemployed persons in the next 12 months also declined by 1.6% to a reading of 65.70.
Meanwhile, the index of the probability of saving in the next 12 months dropped 11.6% month over month to 19.79 in May. This decrease means that the number of consumers who believe that they will be able to increase their savings in the next 12 months has decreased.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion
- Optimism is rising on resurgent demand in European polymer markets