Turkish consumer confidence down 13 percent in May from April

Wednesday, 22 May 2019 16:43:25 (GMT+3)   |   Istanbul
       

According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the seasonally adjusted consumer confidence index* in Turkey decreased by 13 percent month on month in May this year to 55.3 points, following 63.5 points in April.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in May the index for the general current economic situation fell by 4.5 percent month on month to 59.9 points, while the index for the general economic situation in the next 12 months fell by 14.9 percent compared to April to 70.1 points.

Meanwhile, in May the index for whether the present is a good time to purchase durable goods was down by 21.2 percent to 39.8 points, while the index for the probability of buying durable goods in the next 12 months fell by 2.8 percent to 94.5 points, both on month-on-month basis.

In May, the probability of buying a car in the next 12 months was down by 28.8 percent to 10.3 points and the index for the probability of buying or building a home in the next 12 months decreased by 18.5 percent to 6.4 points, both month on month.

*TUIK has announced that it will release consumer confidence data on a seasonally-adjusted basis starting from the current month of January since it has found seasonal impacts in its analyses.


Most Recent Related Articles

US beam imports down 48.9 percent in November

S. Africa's iron ore output down by 7.6 percent in Nov from Oct

Turkish mills manage to keep HRC prices stable for now

Turkish welded pipe prices stable, mood cautious

Export price increases for Brazilian rebar