According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 77.5 points in May, decreased by 1.6 percent month on month in June to 76.2 points, following the 2.4 percent month-on-month increase recorded in May.
According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in June the index for the general current economic situation rose by 1.3 percent month on month to 102.5 points, pointing to an optimistic outlook, while the index for the general economic situation in the next 12 months fell by 2.6 percent compared to May, to 102 points, though remaining in the optimistic outlook zone.
Meanwhile, in June, the index for whether the present is a good time to purchase durable goods decreased by 1.7 percent to 94.4 points, while the index for the probability of buying durable goods in the next 12 months increased by one percent to 100.3 points, the probability of buying a car in the next 12 months fell by 9.4 percent to 13.4 points, and the index for the probability of buying or building a home in the next 12 months increased by 14.2 percent to 11.6 points, 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.