Turkey’s consumer confidence index falls in Feb
The consumer confidence index decreased to a reading of 65.7 in February from a reading of 66.9 in January. 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 by 2.2% in February and became 85.9 while the index of expectations for the number of unemployed persons in the next 12 months was down by 1.4% to a reading of 67.9 in February.
The index of expectations for the general economic situation for the next 12 months decreased by 0.7% on the month to post a reading of 88 in February from a reading of 88.6 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 was down by 5.9% month over month to 21 in February from 22.4 in January. 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 compared to the previous month.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows
- Turkey’s PE market on brink of new drops for December
- Signs of optimism in China PP and PE markets, but caution remains
- Egypt’s import PP, PE markets flat but domestic prices turn upwards in Nov
- PVC downturn enters 7th month, prices still far from pre-pandemic levels in Europe
- Aggressive US PE offers make a scene across global markets in Q4 after a hiatus of 2 years
- SEA cracker outages and lack of deep-sea cargoes underpin olefin prices in Asia
- US origin hammers import PVC prices into Asia
- China PE markets stay bearish with import prices below new thresholds