Turkish consumer confidence up 2.5 percent in March from February

Thursday, 25 March 2021 11:32:24 (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 84.5 points in February this year, was up by 2.5 percent month on month in March this year at 86.7 points, having previously increased by 1.5 percent month on month 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 1.4 percent month on month to 60.1 points, while the index for the general economic situation in the next 12 months increased by 2.5 percent compared to February to 94.1 points.

Meanwhile, in March the index for whether the present is a good time to purchase durable goods was up by 5.7 percent to 43.3 points, while the index for the probability of buying durable goods in the next 12 months increased by two percent to 97.4 points, both on month-on-month basis.

In March, the probability of buying a car in the next 12 months rose by 4.8 percent to 14.5 points and the index for the probability of buying or building a home in the next 12 months fell by 6.6 percent to 9.9 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.


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