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Turkey’s consumer confidence index falls slightly in September

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/09/2016 (11:44)
Turkey’s consumer confidence index fell 0.2% from a month earlier in September, according to a Consumer Tendency Survey carried out by the Turkish Statistical Institute in cooperation with the Central Bank of the Republic of Turkey.

The consumer confidence index fell to a reading of 74.29 in September from a reading of 74.44 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 declined 2.3% in September and became 92.07 compared with 94.19 in August while the index of expectations for the number of unemployed persons in the next 12 months was up 4.5% to a reading of 80.44 in September.

The index of expectations for the general economic situation for the next 12 months increased 1% on the month to post a reading of 102.92 in September from a reading of 101.95 in the previous month. The higher reading indicates that the number of consumers who expect a better general economic situation in the next 12 months has increased compared with the previous month.

Meanwhile, the index of the probability of saving in the next 12 months dipped 11.8% month over month to 21.72 in September. 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 declined compared to the previous month.
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