Turkey's consumer confidence increases in April
The consumer confidence index rose 1.5% on the month to post a reading of 65.35 in April following a reading of 64.39 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 declined by 0.2% on the month to post a reading of 86.12 in April. 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 climbed 0.9% to post a reading of 86.16 in April while the index of expectations for the number of unemployed persons in the next 12 months also rose 2.2% to a reading of 66.75 in April. The higher reading index suggests that an increasing number of consumers expect higher unemployment figures over the next year.
Meanwhile, the index of the probability of saving in the next 12 months rose 8.5% month over month to 22.37 in April. This increase means that the number of consumers who believe that they will be able to increase their savings in the next 12 months has increased.
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