Turkey's consumer confidence index declines 2.7% in Jan
The consumer confidence index decreased to a reading of 71.52 in January from a reading of 73.58 in December. Any reading above 100 indicates an optimistic outlook, while any reading below 100 indicates a pessimistic outlook.
The index of financial expectations of households for the next 12 months was down 1.1% in January to 92.17 while the index of expectations for the number of unemployed persons in the next 12 months fell by 6.2% to a reading of 73.57 in January.
The index of expectations for the general economic situation for the next 12 months declined 4.3% on the month to post a reading of 95.65 in January from a reading of 99.91 in the previous month. The lower reading 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.
Meanwhile, the index of the probability of saving in the next 12 months increased 10.1% month over month to 25.09 in January. 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 compared to the previous month.
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