Turkish consumer confidence rises in first month of 2018
ANKARA - Anadolu Agency
The uptick follows a downward trend in consumer confidence, which had started in August 2017.
Attitudes regarding the general economic outlook rose 9.7 points, jumping from 87.5 to 96.1 points in January month-on-month.
Meanwhile, the expectation index for a decrease in the number of people unemployed in the next 12 months, a gauge of the health of the labor market, saw a rise of 5.4 points (7.7 percent).
The “financial situation expectation of the household” index also saw a rise of 7.3 percent, reaching 91.1 points.
“The strong rebound in the probability of buying a new car, a new home and a healthy outlook in spending money on durable goods is promising,” Kömürcüoğlu said.