Turkish consumer confidence down 6.5 percent in August from July

Friday, 17 August 2018 16:35:35 (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 73.1 points in July, decreased by 6.5 percent month on month in August this year to 68.3 points, following the four percent month-on-month increase in July.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in August the index for the general current economic situation decreased by 7.1 percent month on month to 81.6 points, while the index for the general economic situation in the next 12 months fell by 8.3 percent compared to July to 88.3 points.

Meanwhile, in August the index for whether the present is a good time to purchase durable goods decreased by 14.5 percent to 50.2 points, while the index for the probability of buying durable goods in the next 12 months was up by 1.1 percent to 99.7 points, both on month-on-month basis.

In August, the probability of buying a car in the next 12 months was down by 1.3 percent to 13.2 points and the index for the probability of buying or building a home in the next 12 months increased by 10.2 percent to 8.6 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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