Turkey’s consumer confidence index increased 1% in June
The consumer confidence index climbed to a reading of 69.43 in June from a reading of 68.75 in May. 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 rose 1.4% in June and became 91.21 compared with 89.94 in May while the index of expectations for the number of unemployed persons in the next 12 months increased 2.4% to a reading of 70.64 in June.
The index of expectations for the general economic situation for the next 12 months fell 2.6% on the month to post a reading of 91.32 in June from a reading of 93.71 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 9.9% month over month to 24.55 in June. 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 climbed compared to the previous month.
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