Turkish consumer confidence up 1.2% in Feb over Jan

Wednesday, 27 February 2013 13:50:55 (GMT+3)   |   Istanbul
       

According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 75.8 points in January, increased by 1.2 percent month on month in February to 76.7 points, constituting the fourth consecutive increase on month-on-month basis.
 
According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in February the index for the general current economic situation rose by one percent to 93.9 points, while the index for the general economic situation in the next 12 months rose by 1.7 percent to 99 points, both compared to January.
 
Meanwhile, in February, the index for whether the present is a good time to purchase durable goods increased by 4.3 percent to 97.5 points, while the index for the probability of buying durable goods in the next 12 months increased by 1.1 percent, the probability of buying a car in the next 12 months fell by 7.3 percent, and the index for the probability of buying or building a home in the next 12 months decreased by 1.6 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.

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