Turkish consumer confidence index down in March
The index, which is calculated from the results of the consumer tendency survey carried out by TÜİK and the Central Bank, indicates an optimistic outlook when it is above 100 or a pessimistic outlook when it is below 100.
The drop largely owed to worsening expectations about future financial conditions, the future state of the economy, and unemployment figures. The three indices dropped to 90.6, 95.1, and 73.5 points respectively.
The probability of saving was the only index to go up, marking an increase of 1.2 percent at 26 points in March.
The highest 2017 level was reached in May, when the index rose to 72.8.