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...
- Europe’s dumping case on US and Egyptian PVC: A look at early reactions and possible impacts on trade flows
- Aggressive US PE prices find way to Türkiye, Africa amid year-end stock clearing
- PLAST EURASIA 2023: Players discuss PP, PE outlook amid financial challenges
- Stats: India’s Jan-Sep PVC imports surge, China takes the lion’s share despite safeguard investigation
- Sentiment weakens across African PP, PE markets in November
- HDPE film drops faster than other two main PE film grades in China
- PE prices see larger drops than C2 in Italy, unlike West Europe
- Weak demand sends Türkiye’s styrenics markets to multi-month lows
- Bearish sentiment spills over to Middle Eastern PP, PE markets in November
- Dull demand dents PE outlook in SE Asia for rest of year