Turkish consumer confidence down 6.1 percent in September from August

Monday, 21 September 2015 11:07:59 (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 62.35 points in August, decreased by 6.1 percent month on month in September this year to 58.52 points, following the 3.6 percent month-on-month decrease in August.
 
According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in September the index for the general current economic situation decreased by seven percent month on month to 74.7 points, while the index for the general economic situation in the next 12 months fell by 7.2 percent compared to August to 72 points.
 
Meanwhile, in September the index for whether the present is a good time to purchase durable goods decreased by 14.7 percent to 59.2 points, while the index for the probability of buying durable goods in the next 12 months was down by 0.9 percent percent to 95.1 points, both on month-on-month basis.
 
In September, the probability of buying a car in the next 12 months was down by 16.9 percent to 10.8 points and the index for the probability of buying or building a home in the next 12 months fell by 17.6 percent to seven 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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