Turkish consumer confidence up 6.9 percent in April from March

Monday, 22 April 2019 16:37:22 (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 6.9 percent month on month in April this year to 63.5 points, following 59.4 points in March.

According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in April the index for the general current economic situation fell by 5.4 percent month on month to 66.3 points, while the index for the general economic situation in the next 12 months grew by 4.8 percent compared to March to 82.4 points.

Meanwhile, in April the index for whether the present is a good time to purchase durable goods was up by three percent to 50.5 points, while the index for the probability of buying durable goods in the next 12 months fell by 1.1 percent to 97.2 points, both on month-on-month basis.

In April, the probability of buying a car in the next 12 months was up by 49.5 percent to 14.5 points and the index for the probability of buying or building a home in the next 12 months increased by 42.6 percent to 7.9 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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