Turkey's consumer confidence index settles at 12-month low
The consumer confidence index decreased to a reading of 65.1 in December from a reading of 65.2 in November. Any reading above 100 indicates an optimistic outlook, while any reading below 100 indicates a pessimistic outlook.
On the other hand, the index of financial expectations of households for the next 12 months increased by 0.5% in December and became 87.5, while the index of expectations for the number of unemployed persons in the next 12 months was down by 0.5% to a reading of 70.6 in December.
The index of expectations for the general economic situation for the next 12 months also increased by 0.5% on the month to 87.4 in December from a reading of 87.1 in November. 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 fell by 2.9% month over month to 17.5 in December from a reading of 18 in the previous month. 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 fallen 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...
- Will PE supplies from China flock to SEA?
- LDPE, LLDPE highest since Q3 2018; HDPE at 6-month high in Europe
- Intensifying trade war adds to bearishness in China’s local PP, PE markets
- PET prices hit multi-month lows in Asia and Europe
- Rising momentum fizzles out in European PS, ABS markets
- European PVC offers to Turkey shrug off higher costs
- Asian PVC players hold firm expectations for June
- May PP, PE offers to Mid-East, Africa remain stable to firm
- Global energy producers report lower Q1 results amid volatile crude prices
- China’s Q1 polymer imports set a new record near 6 million tons