According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 65.1 points in December, increased by 11.1 percent month on month in January this year to 72.3 points, following the 0.1 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 rose by seven percent month on month to 89 points, while the index for the general economic situation in the next 12 months increased by 9.7 percent compared to December to 96.1 points.
Meanwhile, in January the index for whether the present is a good time to purchase durable goods decreased by four percent to 61.3 points, while the index for the probability of buying durable goods in the next 12 months increased by 2.2 percent to 99.2 points, both on month-on-month basis.
In January, the probability of buying a car in the next 12 months was up by 27.4 percent to 13.3 points and the index for the probability of buying or building a home in the next 12 months increased by 28.8 percent to 8.9 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.