Türkiye’s consumer confidence index climbed 5.1% to 71.5 points in September, Turkish Statistics Institute data showed on Thursday, partially reversing steep declines in the previous three months.
The index stood at 68.0 in August. A confidence level below 100 reflects a pessimistic outlook, while a reading above 100 indicates optimism.
In the current period, the household’s financial situation has improved to a score of 56.2, showing a monthly increase of 0.1 percent.
Looking ahead to the next 12 months, the household’s financial situation statement was at 63.7 in August. However, this month, it has risen significantly to 68.9, representing an impressive 8.1 percent increase.
The overall economic outlook for the next 12 months, which stood at 63.1 in August, has also seen a notable uptick, reaching 68 this month. This marks a substantial 7.8 percent increase.
Regarding planned spending on durable goods in the upcoming 12 months, it has been calculated at 92.7 for September, reflecting a 4.2 percent increase compared to the previous month when it was at 89 in August.
Breaking News Turkey with agencies