Turkish consumer confidence up 2.9 percent in March from February

Thursday, 21 March 2019 17:10:00 (GMT+3)   |   Istanbul
       

According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the seasonally adjusted consumer confidence index* in Turkey increased by 2.9 percent month on month in March this year to 59.4 points, following 57.8 points 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 2.8 percent month on month to 66.3 points, while the index for the general economic situation in the next 12 months grew by 4.9 percent compared to February to 78.6 points.

Meanwhile, in March the index for whether the present is a good time to purchase durable goods was up by 2.9 percent to 52.1 points, while the index for the probability of buying durable goods in the next 12 months rose by two percent to 98.2 points, both on month-on-month basis.

In March, the probability of buying a car in the next 12 months was down by 13.1 percent to 9.7 points and the index for the probability of buying or building a home in the next 12 months decreased by 14 percent to 5.5 points, both month on month.

*TUIK has announced that it will release consumer confidence data on a seasonally-adjusted basis starting from the current month of January since it has found seasonal impacts in its analyses.


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