According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 85.7 points in October this year, increased by four percent month on month in November to 89.2 points, following three consecutive months of downtrend on month-on-month basis.
According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in November the index for the general current economic situation rose by 6.6 percent to 86.3 points, while the index for the general economic situation in the next three months rose by 6.6 percent to the same level of 86.3 points, both compared to October this year.
Meanwhile, in November, the index for the probability of buying a car in the next six months rose by 1.5 percent, while the index for the probability of buying durable goods in the next six months increased by one percent and the index for the probability of buying or building a home in the next 12 months decreased by 7.7 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.