Turkish consumer confidence index down in July
July's confidence index, jointly calculated by TÜİK and the Central Bank through the measurement of consumer tendencies, decreased 2.7% compared to the previous month, down from 81.7.
The consumer confidence index, calculated from survey results, is evaluated within the range of 0-200, indicating optimism when the index is above 100 and pessimism when below.
All sub-indices except the assessment on spending money on durable goods index decreased month-on-month in July.
The financial situation expectation of households index was down by 3.8%, suggesting that fewer people were expecting a better financial situation in the next 12 months.
The general economic situation expectation over the coming 12 months decreased 3.3% month-on-month in July.
The financial situation of the household index at present compared to the past 12 months struggled the most, slipping 5.1% during the same period.
However, the index for assessment on spending money on durable goods over the next 12 months posted a slight increase of 0.1% from last month.
The monthly survey measures consumers' assessments and expectations on financial standing and general economic situation, also their expenditure and saving tendencies.