Turkey’s consumer confidence rebounds in November

According to a Consumer Tendency Survey carried out by the Turkish Statistical Institute in cooperation with the Central Bank of the Republic of Turkey, the country’s consumer confidence index increased by 4% compared to the previous month and became 59.6 in November.

The index of financial expectations of households for the next 12 months increased by 5.4% and became 77.5 in November due to the decrease of consumers expecting a worse financial situation of household in the next 12 months period.

Similarly, the index of expectations for the number of unemployed persons in the next 12 months, which was 72.8 in October, increased by 6.2% and became 77.4 in November.

Meanwhile, the index of expectations for the general economic situation also decreased by 0.3% and became 63.4 in November.