Turkey’s consumer confidence index rises in April
The consumer confidence index increased to a reading of 71.3 in April from a reading of 67.8 in March. 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 up by 3.4% in April and became 90.7 while the index of expectations for the number of unemployed persons in the next 12 months was up by 3.7% to a reading of 73.1 in April.
The index of expectations for the general economic situation for the next 12 months increased by 3.3% on the month to post a reading of 96.2 in April from a reading of 93.2 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 was up by 26.3% month over month to 25.1 in April from 19.9 in March. 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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