Turkish consumer confidence up 0.7 percent in Mar over Feb

Monday, 16 April 2012 12:09:59 (GMT+2)

According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 93.2 points in February this year, increased by 0.7 percent month on month in March to 93.9 points.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in March the index for the general current economic situation rose by one percent to 93.5 points, while the index for the general economic situation in the next three months remained stable at 94.4, both compared to February this year.

Meanwhile, in March, the index for the probability of buying a car in the next six months decreased by 1.5 percent, while the index for the probability of buying durable goods in the next six months increased by 4.3 percent and the index for the probability of buying or building a home in the next 12 months increased by one percent, all on month-on-month basis.

* When the index is above 100 it indicates an optimistic outlook, when it is equal to 100 it indicates a neutral outlook, and below 100 it points to a pessimistic outlook.