Turkish consumer confidence up 0.1 percent in January from December

Friday, 24 January 2020 15:30:55 (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 58.77 points in December, increased by 0.1 percent month on month in January this year to 58.82 points, following a 1.9 percent month-on-month decrease in December.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in January the index for the general current economic situation fell by 1.7 percent month on month to 64.6 points, while the index for the general economic situation in the next 12 months increased by 1.1 percent compared to December to 77.4 points.

Meanwhile, in January the index for whether the present is a good time to purchase durable goods was down by nine percent to 44 points, while the index for the probability of buying durable goods in the next 12 months rose by one percent to 95.8 points, both on month-on-month basis.

In January, the probability of buying a car in the next 12 months was down by 9.1 percent to 11.4 points and the index for the probability of buying or building a home in the next 12 months decreased by 2.4 percent to 7.6 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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