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Turkey's consumer confidence picks up in June

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/06/2015 (11:29)
Turkey’s consumer confidence rose 3.4% in June on a monthly basis after falling 1.6% in the previous month, according to data compiled by a Consumer Tendency Survey carried out by the Turkish Statistical Institute in cooperation with the Central Bank of the Republic of Turkey.

The consumer confidence index rose to a reading of 66.45 in June following a reading of 64.29 in the May. Any reading above 100 indicates an optimistic outlook, while any reading below 100 indicates a pessimistic outlook.

The index of expectations for the general economic situation for the next 12 months climbed 4.7% on the month to post a reading of 89.48 in June. The higher reading index 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.

The index of financial expectations of households for the next 12 months increased 2% in June to 87.92 while the index of expectations for the number of unemployed persons in the next 12 months also rose by 4.8% to a reading of 68.86.

Meanwhile, the index of the probability of saving in the next 12 months declined 1.3% month over month to 19.53 in June. 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.
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