Turkish consumer confidence inches up to 79.4 in March, TurkStat reports

Turkish consumer confidence sees a slight uptick to 79.4 in March, with positive expectations for future finances, according to TurkStat’s latest report

The Consumer Confidence Index in Türkiye stood at 79.4 in March, showing a slight increase of 0.02% compared to February, as reported by the Turkish Statistical Institute (TurkStat) on Wednesday.

Within the sub-indexes, there was a 0.9% rise in households’ expectations for their financial situation over the next 12 months. Additionally, expectations for the general economic situation over the next year increased by 0.4%.

On the other hand, the index for households’ current financial situation and intention to spend on durable goods in the coming year decreased by 0.7% and 0.5%, respectively.

In February, the confidence index was recorded at 79.3.

The results, based on a monthly survey, are assessed on a scale of 0 to 200.

An index above 100 indicates optimism, while below 100 suggests a pessimistic outlook.

Source: Newsroom

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