Turkish consumer confidence down 2.3 percent in December from November

Friday, 21 December 2018 12:10:39 (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 59.6 points in November, decreased by 2.3 percent month on month in December this year to 58.2 points, following the four percent month-on-month increase in November.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in December the index for the general current economic situation fell by 0.9 percent month on month to 67.4 points, while the index for the general economic situation in the next 12 months decreased by 1.7 percent compared to November to 76.0 points.

Meanwhile, in December the index for whether the present is a good time to purchase durable goods was up by 3.4 percent to 50.5 points, while the index for the probability of buying durable goods in the next 12 months fell by 0.3 percent to 96.1 points, both on month-on-month basis.

In December, the probability of buying a car in the next 12 months was down by 28.1 percent to 8.5 points and the index for the probability of buying or building a home in the next 12 months decreased by 7.7 percent to 5.5 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.


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