Turkey’s consumer confidence index falls in September
The consumer confidence index decreased to a reading of 68.7 in September from a reading of 71.1 in August. 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 2.3% in September and became 89.6 while the index of expectations for the number of unemployed persons in the next 12 months slightly fell by 1.9% to a reading of 70.5 in September.
The index of expectations for the general economic situation for the next 12 months decreased by 3.2% on the month to post a reading of 94.7 in September from a reading of 97.9 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 2.2% month over month to 20.2 in September from 22.4 in August. 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...
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market