Turkey’s consumer confidence index rises in January

Turkey’s consumer sentiment index rose in January from December. According to the Turkish Statistical Institute and Central Bank of the Republic of Turkey, the consumer confidence index rose 5.6 percent sequentially to 66.9 in January from December’s 63.4. The final situation expectation of household index rose 2.9 percent as compared with the earlier month. It rose to 87.9, indicating an upswing in the financial situation expectation of households in the coming 12 months.

The general economic situation expectation index rose 3 percent in January to 88.6 from December’s 86. This rise indicates that the number of households anticipating a better general economic situation in the coming 12 months rose as compared to the previous month.

The general economic situation expectation index rose 3 percent to 88.6 in January 2017. The rise indicates that the number of consumers expecting a better general economic situation in the coming 12 months rose as compared to the prior month.

The number of people unemployed expectation index rose 5.4 percent as compared to the earlier month and became 68.9 in January 2017. This rise stemmed from the rise in the ratio of people anticipating a drop in the number of unemployed persons in the coming 12 months.

The probability of saving index rose 34 percent to 22.4 in January from 16.7 in the prior month. The rise indicates that the likelihood of saving consumers in the coming 12 months period increased when compared to the previous month.