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Turkey's consumer confidence posts fresh declines in Sep

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/09/2015 (14:17)
Turkey’s consumer confidence declined 6.1% from a month earlier in September, 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 fell to a reading of 58.52 in September after posting a reading of 62.35 in August. 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 declined 7.2% on the month to post a reading of 72.04 in September from August’s reading of 77.60. The lower reading index indicates that the number of consumers who expect a better general economic situation in the next 12 months has declined compared with the previous month.

The index of financial expectations of households for the next 12 months slipped 4.7% in September to 82.08 while the index of expectations for the number of unemployed persons in the next 12 months dropped by 2.6% to a reading of 61.86.

Meanwhile, the index of the probability of saving in the next 12 months edged down 18.3% month over month to 18.11 in September. 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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