According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 57.3 points in February, was up by 1.7 percent month on month in March this year to 58.2 points, following a 2.7 percent month-on-month decrease in February.
According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in March the index for the general current economic situation rose by 0.9 percent month on month to 68.3 points, while the index for the general economic situation in the next 12 months decreased by 0.5 percent compared to February to 75.6 points.
Meanwhile, in March the index for whether the present is a good time to purchase durable goods was down by eight percent to 40.5 points, while the index for the probability of buying durable goods in the next 12 months advanced by 1.4 percent to 94.8 points, both on month-on-month basis.
In March, the probability of buying a car in the next 12 months increased by 4.8 percent to 10.7 points and the index for the probability of buying or building a home in the next 12 months grew by 4.7 percent to eight 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.