According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in
Turkey, which stood at 69.2 points in February, increased by five percent month on month in March this year to 72.7 points, following the 4.3 percent month-on-month decline 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 rose 6.2 percent month on month to 95.8 points, while the index for the general economic situation in the next 12 months increased by 6.1 percent compared to February, to 95.9 points.
Meanwhile, in March the index for whether the present is a good time to purchase durable goods increased by 1.8 percent to 78.4 points, while the index for the probability of buying durable goods in the next 12 months moved up one percent to 96.6 points, both on month-on-month basis.
In March, the probability of buying a car in the next 12 months decreased by 0.9 percent to 11.3 points and the index for the probability of buying or building a home in the next 12 months increased by 39.6 percent to 12 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.