Turkish consumer confidence up 3.2 percent in September from August

Thursday, 24 September 2020 13:41:00 (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 79.4 points in August, was up by 3.2 percent month on month in September this year to 82.0 points, following a 3.5 percent month-on-month decrease in August.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in September the index for the general current economic situation rose by 4.8 percent month on month to 71.9 points, while the index for the general economic situation in the next 12 months increased by 4.8 percent compared to August to 83.3 points.

Meanwhile, in September the index for whether the present is a good time to purchase durable goods was down by 1.1 percent to 39.9 points, while the index for the probability of buying durable goods in the next 12 months increased by 1.3 percent to 93.8 points, both on month-on-month basis.

In September, the probability of buying a car in the next 12 months fell by 11.2 percent to 10.5 points and the index for the probability of buying or building a home in the next 12 months rose by 44.6 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.


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