According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 65.7 points in February, increased by 3.2 percent month on month in March this year to 67.8 points, following the 1.8 percent month-on-month decrease in February.
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 increased by 6.3 percent month on month to 86 points, while the index for the general economic situation in the next 12 months rose by 5.8 percent compared to February to 93.2 points.
Meanwhile, in March the index for whether the present is a good time to purchase durable goods increased by 17.6 percent to 82.1 points, while the index for the probability of buying durable goods in the next 12 months was up by 0.9 percent to 97.2 points, both on month-on-month basis.
In March, the probability of buying a car in the next 12 months was down by five percent to 10.4 points and the index for the probability of buying or building a home in the next 12 months decreased by four percent to 8.7 points, both month on month.
*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