Turkey’s consumer confidence index rises in March
The consumer confidence index increased to a reading of 67.8 in March from a reading of 65.7 in February. 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 2.1% in March and became 87.8 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 70.4 in March.
The index of expectations for the general economic situation for the next 12 months increased by 5.8% on the month to post a reading of 93.2 in March from a reading of 88 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 down by 5.6% month over month to 19.9 in March from 21 in February. 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.
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